Some of the world's costliest energy projects are in
The study by the Carbon Tracker Initiative highlighted 20 of the biggest projects around the world that need a minimum oil price of
Most on the list require prices well north of
Crude for September deliver was trading at around
The report's authors question whether those funds should be invested in risky projects.
High on the list were
A spokeswoman for Cenovus, which operates
CTI also flagged Shell's
Other pricey projects highlighted in the report were in deepwater or ultra deepwater off
In May, Total and partner Suncor Energy Inc. (TSX:SU) decided to indefinitely defer their
And in June, the
It sees output hitting 4.8 million barrels a day by 2030, about two and a half times higher than last year's output of 1.9 million barrels.
But the figure is 7.7% lower than the 5.2 million barrels of daily oilsands output CAPP predicted for the same time frame last year.
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
OCTOBER 30, 2014
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