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.
Oil sands production could carry risk for investors
Oct 13, 2010
- The oil spill in the Gulf of Mexico has already had devastating environmental consequences, but let's leave that aside for a moment and ask -- how should oil company investors be thinking about risky production projects?