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Oil sands risks like slow-motion oil spill: report

Mon, 05/17/2010 - 7:25pm
Reuters

CALGARY, Alberta (Reuters) - Some environmental risks of Canada's oil sands are similar to the Gulf of Mexico oil spill "but playing out in slow motion," the co-author of a report warning investors of the ecological, financial and social risks of oil sands development said on Monday.

The report, by RiskMetrics Group, said investors are putting their money in jeopardy unless developers of the vast unconventional resource in Alberta come up with clearer plans to deal with carbon emissions, water use and land reclamation,

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