Day: March 10, 2009

Tar Sands a Risky Bet for Investors

Long-term, the story is the same, if not worse, for investors. A new report released by Innovest Strategic Value Advisors says that even with a recovery in oil prices, tar sands projects will not be economically viable. It's an analysis that has left investors surprised and perplexed, according to Yulia Reuter, author of the report, who presented it last week at the annual Riskmetrics Canadian Proxy Season Briefing in Toronto.

Solve Climate

The idiocy of burning large amounts of clean natural gas to make large amounts of dirty oil in a way that leads to terrible water pollution, air pollution and habitat destruction simply blows the mind.