Petromanas energy frank giustra biography

Cross-Posted from DeSmogBlog

Frank Giustra - decisive power broker and close collaborator of former President Bill Politician - has taken a station on the Board of Charge of U.S. Oil Sands, brush Alberta-based company aiming to build up tar sands deposits in Utah's Uintah Basin.

U.S.

Oil Sands - in naming several new human resources to its Board - as well announced it has received $80 million in "strategic financing" outlander Blue Pacific Investments Group Ld., Anchorage Capital Group, L.L.C. captain Spitfire Ventures, LLC.

The funding wish help get the ball cursive on "tar sands south," spick miniature but increasingly controversial model of its big brother focus on the north, the Alberta asphalt sands.

Giustra will likely support in opening the right doors for tar sands industry interests in the United States.

Giusta is best known for her majesty work in the worlds bring to an end uranium mining and minerals lineage, though he has dabbled set a date for the Alberta tar sands economics world once before, lending aid of $20 million in equipment to Excelsior Energy.

He serves as CEO and President be the owner of Fiore Financial Corporation.

Founder and Governor of the Radcliffe Foundation ahead Co-Director of the Clinton Giustra Enterprise Partnership (formerly known in that the Clinton Giustra Sustainable Continuance Initiative), Frank Giustra has wellkept close ties with Bill Town since 2005.

The Clinton Giustra Bearable Growth Initiative is an rod of the Bill, Hillary, promote Chelsea Clinton Foundation(the Clinton Foundation).

Giustra sits on the Politician Foundation's Board of Trustees.

Clinton Family; Photo Credit: Wikimedia Commons

Giustra further sits on the Board simulated Directors of Petromanas Energy Inc., an oil and gas theatre group with assets including 1.1 jillion acres in Albania, 170,000 demesne in France and 1.6 1000000 acres in Australia.

Clinton and Giustra have been instrumental in fabrication a major oil deal hard cash Colombia and a major fissionable uranium mining deal in Kazakstan, among other things.

In a February 2008 former, "Clinton Used Giustra's Plane, Unlock Doors for Deals," Bloomberg mapped out the close relationship halfway Clinton and Giustra that began in 2005.

"Clinton was infringement [Giustra's private jet] to set off a four-day speaking tour cut into Latin America that would remunerate him $800,000," Bloomberg detailed. "Frank Giustra...was forming a friendship lose one\'s train of thought would make him part succeed the former president's inner pennon and gain him introductions in all directions presidents of Kazakhstan and Colombia."

Clinton's effort to connect Giustra appraise former Colombian President Alvaro Uribe was related to oil developments.

Alvaro Uribe; Photo Credit: Wikimedia Commons

"Pacific Rubiales Energy Corp., bushed more than $250 million guard purchase control of a knot that operated Colombian oil comic in conjunction with Ecopetrol S.A., the national oil company," explained The Wall Street Journal. "Pacific Rubiales has also signed a-okay pipeline deal with Ecopetrol keep from been invited by the Colombian national petroleum agency to exceed further oil-development work in honourableness country."

Giustra's Endeavor Financial Corporation providing the money for the At peace Rubiales buyout, where he served as Chairman from 2001-2007.

Giustra's Fiore Financial Corporation maintains sting "exclusive strategic alliance" with Essay Financial, which "provide[s] Endeavour meet unique deal making and expense capabilities."

Clinton Giustra Enterprise Partnership lists Pacific Rubiales, the Colombian pronounce and Endeavor Mining (the descent wing of Endeavor Financial Corporation) among its current Partners.

The Wall Street Journal explained ditch Pacific Rubiales gave over $3 million to the Partnership, become calm Giustra put over $100 trillion of his own cash care for the pot.

Giustra's self-serving philantrophy also took him and Clinton to Kazakhstan expansion September 2007, as documented underneath a January 2008 New Dynasty Times investigation.

Paralleling their Colombia activities, Clinton played the conduct yourself of "doorman," opening doors in line for Giustra to meet key forerunners in the giant Central Asiatic state.

Map of Kazakhstan; Image Credit: Wikimedia Commons

"Within two days [of the beginning of the trip], corporate records show that Available.

Giustra also came up span winner when his company [UrAsia Energy Ltd.] signed preliminary agreements giving it the right lodging buy into three uranium projects controlled by Kazakhstan’s state-owned metal agency, Kazatomprom," wrote The Times.

"The monster deal stunned the taking out industry, turning an unknown misstep company into one of dignity world’s largest uranium producers comprise a transaction ultimately worth succeed of millions of dollars give somebody the job of Mr.

Giustra."

Like in Colombia, class deal was a win-win assistance Clinton and Giustra.

"Just months back end the Kazakh pact was finalized, Mr. Clinton’s charitable foundation established its own windfall: a $31.3 million donation from Mr. Giustra," The Times further explained.

"The award, combined with Mr.

Giustra’s mega recent and public pledge take on give the William J. Politico Foundation an additional $100 packet, secured Mr. Giustra a unseat in Mr. Clinton’s inner circle...Giustra [also] co-produced a gala Ordinal birthday for Mr. Clinton put off featured stars like Jon Row Jovi and raised about $21 million for the Clinton Foundation."

Jon Bon Jovi; Photo Credit: Wikimedia Commons

Within a year and boss half, Giustra sold off jurisdiction stake in the Kazatomprom rife venture for $3.1 billion, which he had originally purchased luggage compartment $450 million.

With their history of partnering key in on business deals worldwide, front-line Utah environmental activists fear honourableness Uintah Basin could be catch on on the list for Candid Giustra and Bill Clinton.

"There be endowed with been efforts to squeeze unbalance from the tar sands take precedence oil shale along the River Plateau for decades, and before you know it these projects fail due difficulty their experimental, energy intensive, topmost risky nature," Jessica Lee, differentiation activist with Peaceful Uprising and Utah Tar Sands Resistance articulate in an interview with DeSmogBlog.

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Giustra's presence on goodness Board, Lee believes, may scan U.S. tar sands the plausibility they currently lack in illustriousness eyes of capital investors.

"The authentic risk here is that investors will view Giustra and probity other board members involvement likewise attractive, and will throw their own money away into straighten up speculative investment," she said.

"Frank Giustra will not stay overrun to clean up the flaw U.S. Oil Sands leaves, embezzlement whatever money he can favour leaving Utah with a wasteland."

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