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Wall Street warned $91 billion of high-risk oil megaprojects

2014-08-18 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

InsideClimate News: Critics of environmentally risky oil projects proposed for deep undersea and Canada's tar sands got new ammunition last week when a report labeled those ventures and others as the industry's most financially questionable pursuits. The new report, published by the Carbon Tracker Initiative (CTI), identifies a host of drawing-board oil projects that would cost a combined $91 billion over the next decade--and that would lose money if lower demand, carbon restrictions or other factors forced crude...

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