Abandon oil sands, urges big investor
One of Britain’s biggest investors will launch a campaign this week to persuade Shell and BP to drop their plans for heavy investment in oil sands and shale projects in North America.
Co-operative Asset Management is concerned that the huge environmental costs of producing crude from oil sands or shale could change the economics of these so-called ‘unconventional’ fuel sources, putting the oil companies and their investors at risk of a huge wasted investment. Read the rest of this entry »
