- The Energy Mix - https://www.theenergymix.com -

Carbon Tracker Points to Alberta as Highest-Cost, Highest-Risk Oil Investment

The Alberta tar sands/oil sands are the riskiest of all in an inventory of $1.1 trillion in uncertain fossil fuel investments identified in a recent report by the UK-based Carbon Tracker Initiative. The report also listed oil extraction projects in the Arctic and in deepwater deposits that “’make neither economic nor climate sense’ and won’t fit into a carbon-constrained world looking to limit oil-related emissions,” Desmog Canada reported. Companies listed in the report had between 51% and 100% of their capital expenditures tied up in high-risk projects.

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