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Oil sands risks like slow-motion oil spill: report
May 17, 2010
Some environmental risks of Canada's oil sands are similar to the Gulf of Mexico oil spill "but playing out in slow motion," the co-author of a report, by RiskMetrics Group on commission by Ceres, warning investors of the ecological, financial and social risks of oil sands development said on Monday.
Tar Sands Oil Extraction Spreading Rapidly
May 17, 2010
The successful development of Canada's tar sands has triggered a rush by Shell and other oil companies to set up similar operations in Russia, Congo and even Madagascar. The revelations come just 24 hours before Shell's annual general meeting and on the day when Ceres launches its own survey warning that Canadian tar sands extraction could pose an even bigger risk than the U.S. rig disaster which has knocked $30bn (£20.6bn) off the value of BP.