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Oilsands needs special reporting rules: Environment, investor groups

Posted by mhudema on September 17, 2008

Randy Boswell
Canwest News Service

Canada’s oilsands industry, already the target this week of a major British investment firm’s campaign against the “climate-hostile fuel,” is now under fire from an international alliance of environment and investor groups, which has urged the U.S. securities regulator to rewrite proposed new rules on reporting petroleum reserves to reflect the “potentially enormous risks” – financially and ecologically – associated with the “carbon-intensive” Canadian energy source.

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