Nine out of ten barrels in undeveloped oil sands projects at risk from eroding oil price


Investors in Canadian oil sands are at a heightened risk of companies wasting $271 billion of capital on projects in the next decade that need high oil prices of more than $95 a barrel to give a decent return, the Carbon Tracker Initiative (CTI) revealed.

Investors in Canadian oil sands are at a heightened risk of companies wasting $271 billion of capital on projects in the next decade that need high oil prices of more than $95 a barrel to give a decent return, the Carbon Tracker Initiative (CTI) revealed ina new report.

Investors, CTI warned, should challenge the economic logic of these future projects in the face of volatile and weakening oil prices before approval by company executives.

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