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


www.theguardian.com | Published Monday 3 November 2014

by Arthur Neslen

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 on the unconventional energy business.

“Industry officials never anticipated the level and intensity of public opposition… read more>


Upcoming Events & Seminars

More Events »

Whipp Tips & News

Behind Manulife's historic $600 million green bond issue

first for an insurer in domestic market

Details »

Meet Triodos, the ethical investment firm trying to fund a better world

Investors are tired of questionable practices where executives at underperforming businesses are paid huge bonuses, and of companies making staggering amounts of money at a huge cost to the planet.

Details »

Renewables Investment Nudges Out Fossil Fuel And Nuclear

In 2017, global investment exceeded US$ 333 billion, compared to only US$ 144 billion invested in conventional fossil fuels and nuclear.

Details »

More News »


:www.leedejonesgable.com

The information in this website was obtained from sources believed to be reliable, however, we cannot guarantee that the information is accurate or complete. The information provided is a general source of information and should not be considered personal investment advice or solicitation to buy or sell securities.

Leede Jones Gable Inc. is a
Member of IIROC and the Canadian Investor Protection Fund
Stephen Whipp is a member of the Responsible Investment Association