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Report Finds Investments in Albertas Tar Sands Make Neither Economic Nor Climate Sense

2014-05-08 19:07:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: 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 wont fit into a carbon-constrained world looking to limit oil-related emissions, Carbon Tracker...

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