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Public opposition has cost tar sands industry $17bn, says report

2014-11-03 13:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Anti-tar sands campaigns have cost the industry a staggering $17bn (11bn) in lost revenues, and helped to push it onto the backfoot, according to a study by the Institute for Energy Economics and Financial Analysis (IEEFA), and Oil Change International. Another $13.8bn has been lost to transportation bottlenecks and the flood of cheap crude coming from shale oil fields, says the Material Risks report, which presents the first quantification of the impact that environmental campaigners have had...

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