FORT MCMURRAY, ALTA. – An international group of investors representing $2 trillion in oilsands investments is concerned that provincial and industrial environmental policies are too lenient and could become a financial problem.
“While we recognize and appreciate the leadership that a number of companies in the sector have demonstrated, the collective nature of the risks facing the industry requires collective action,” the 10-page statement reads. “(We) are concerned that the current approach to development, particularly the management of the environmental and social impacts, threatens the long-term viability of the oil sands as an investment.”
Read more: http://tinyurl.com/97ruswg