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NEWS: Protests cause key investor to pull out of Lake Ainslie oil and gas drilling

“Anti-drilling protests have caused a key investor to pull out of a controversial exploratory oil well proposed for Cape Breton. Neal Mednick, president and chief executive of PetroWorth Resources Inc., said the mounting opposition to oil and gas development near Lake Ainslie forced the skittish investor to pull out of the $1.6-million project. …’All the demonstrations and controversy caused them to reconsider, and they decided not to proceed.’ A group of protesters slowed Canso Causeway traffic to a crawl in September to express their disagreement with drilling near Cape Breton’s largest freshwater lake. …’It’s too close to homes, too close to watercourses and too close to drinking wells. That has always been the major point that rallied the community on this issue’, says Neal Livingston of the Margaree Environmental Alliance (which led a court challenge against the drilling).”

The Chronicle Herald article is at http://thechronicleherald.ca/business/169986-investor-bails-on-cb-drilling-project. More at http://canadians.org/blog/?p=17853.

Photo: This past September, Cape Breton First Nations communities and the Mi’kmaq Warriors Society led a protest against drilling by Lake Ainslie. Michael Basque, left, of Chapel Island’s Potlotek First Nation and Gabriel Sylliboy of Eskasoni were among those who protested alongside the Canso Causeway at that time. Photo by Steve Wadden/ Cape Breton Post.