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Top 20 undeveloped oil projects will risk $91bn of investment

2014-08-15 14:51:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: As investors begin to ask for more information around the risks of high-cost oil projects, the Carbon Tracker Initiative (CTI) has revealed that some of the most expensive projects currently being considered for development in the industry could place $91 billion (54bn) of investors money at risk. In May, CTI warned that many oil projects make neither economic nor climate sense, with as much as $1.1 trillion (660bn) of investors money at stake. The research argued that oil companies are betting...

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