From: EcoWatch
by
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, tar sands
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 oil sands 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. “The isolated nature of the [tar sands] market with
uncertainty over export routes and cost inflation brings risk.” MORE
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