Top 20 high-cost oil projects risk wasting $91 bln of investor cash

PRESS RELEASE  UNDER EMBARGO UNTIL 15 AUGUST, 00.01 BST  Top 20 high-cost oil projects risk wasting $91 bln of investor cash  London, August 15, 2014 – The Carbon Tracker Initiative (CTI) today revealed some of the world’s most expensive future oil projects, which the biggest publicly listed oil companies are considering for development. Some of these projects require prices far exceeding today’s levels, and risk wasting $91 billion of investor cash over the next decade if taken into …