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Article

10 Feb 2010

Author:
Sheila McNulty, Financial Times

Suppliers of oil sands fuel shunned

Two big US companies have decided to avoid suppliers that source fuel from Canada’s oil sands to curb their carbon footprints. The decisions by Whole Foods Market…and Bed Bath & Beyond, underline how industry is moving to fill the void left by inaction at Copenhagen and the failure of the US Congress to limit carbon emissions. Both companies are responding to ForestEthics, a non-governmental organisation that last year began campaigning to lead the US corporate sector away from oil sands fuel, which has a higher carbon content than conventional crude oil. Industry and environmentalists disagree on how carbon-intensive oil sands fuel is, but both agree it is higher than traditional crude...While the fuel used by these companies is not enough to hurt the oil industry, they could lead others to follow, as industry takes carbon reduction into its own hands. [also refers to Marathon Oil, CountryMark]