The Carbon Tracker Initiative (CTI) has come out with a new report highlighting some of the worldâs most expensive future oil projects, which the biggest publicly listed oil companies are considering for development. Some of these projects require prices far exceeding todayâs levels, and risk wasting $91 billion of investor cash over the next decade if taken into production. The projects are suggested as prime candidates for … [Read more...]
Carbon Tracker blasts Shell’s take on Carbon Bubble
In a new report out today, Carbon Tracker Initiative (CTI), the NGO that invented the concept of âstranded assetsâ, blasts Shellâs âclimate letterâ of 16 May, in which Shell argues that âwe do not believe that any of our proven reserves will become strandedâ. According to CTI, Shellâs focus on proven reserves is âtoo narrowâ and âunderstates the risk that its business faces from changes in climate policyâ. EP editor Karel Beckman takes stock of … [Read more...]
The Trillion-Dollar Question: Is Big Oil over-investing in high-cost projects?
Mark Fulton and Reid Capalino of the Carbon Tracker Initiative â the NGO that originated the concept of âstranded assetsâand âthe carbon bubbleâ â explain the risks oil companies are taking by investing in oil and gas projects in an increasingly carbon-constrained world. … [Read more...]
What oil companies do is bad for the climate. But it may also be bad for investors
Climate campaigners have a new weapon in their arsenal: they say that if shareholders want value for money they had better start questioning the high-risk, high-cost projects oil companies are undertaking on a massive scale. And not just because of climate risks, but for purely economic reasons as well. The Carbon Tracker Initiative, which first put the idea of âstranded assetsâ on the map (i.e. the notion that a large part of the fossil fuel … [Read more...]
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