From: DeSmogBlog Dispatch
by Carol Linnitt
A total of $1.1 trillion USD
earmarked for risky carbon-intensive oil sector investments need to be
challenged by investors, according to a new report released today by the
Carbon Tracker Initiative.
The
research identifies oil reserves in the Arctic, oilsands and in
deepwater deposits at the high end of the carbon/capital cost curve.
Projects in this category “make neither economic nor climate sense” and
won’t fit into a carbon-constrained world looking to limit oil-related
emissions, Carbon Tracker states in a press release.
The
report highlights the high risk of Alberta oilsands investment, noting
the reserves “remain the prime candidate for avoiding high cost
projects” due to the region’s landlocked position and limited access
to market.
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