If oil prices continue their slide downward, the cancellation of high-cost oilsands projects are likely, but just because prices rebounded in the past and investment returned, does not mean that is a guide for the future, warns James Leahton, research director of the Carbon Tracker Initiative.
Thursday night at the Royal Ontario Museum in Toronto, Leahton told the crowd of over 170 people the Alberta oilsands are a big target for investors looking to reduce risk because of the high capital expenditure (capex) costs.
“The oilsands are Canada’s elephant in the atmosphere,” said Leahton, an originator of the “carbon bubble” (Read more…)