Wednesday, July 29, 2009

Greenpeace study finds oil companies may be doomed

Guardian | Environmental activist network argues that the oil industry might be approaching a tipping point from fall in the price, advances in technology and policies on climate change
A long-term decline in the demand for oil could undermine the huge investments in Canadian tar sands, which have been heavily opposed by environmentalists, according to a report published today.
The report, by Greenpeace, will make uncomfortable reading for the companies that are investing tens ofSource: subrealism RSS Feed

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