Antinuclear

 Investors urged to dump Toro Energy at company AGM

Conservation Council of Western Australia, 18 Nov 15,  Traditional Owners and environment groups will ask shareholders to withdraw support for Toro Energy highlighting community opposition to the company’s uranium mine plans and a flat lining uranium market at the Toro’s AGM today.

Vicki Abdullah, Traditional Owner of the Lake Maitland area where the company plans to mine uranium will be attending the AGM today.

Ms Abdullah said, “I’ve told Toro Energy time and time again that they are not allowed to mine at Lake Maitland, they have no right to destroy our homelands, our sacred places and the burial sites of our old people. You wouldn’t let them do that your home or your ancestors. Well I won’t let them do it to mine.”

CCWA Director Piers Verstegen, said “After ongoing weak performance we expect Toro Energy will be asking shareholders to ‘hang in there and be patient’, however the reality is that community opposition and weak market are serious impediments that are not going to go away.

“Uranium is unnecessary, unsafe and unwanted and we will be asking Toro shareholders to place their investments in more lucrative and responsible industries like renewable energy.

“Toro must also face reality and cease pressuring local communities and Traditional Owners causing anxiety and conflict over a mine that will never make economic sense” concluded Mr Verstegen.

November 18, 2015 - Posted by Christina Macpherson | Opposition to nuclear, Western Australia