Extreme Oil Intro

The most expensive & environmentally destructive forms of oil — tar sands, Arctic drilling and ultra-deepwater drilling — that increasingly look like the worst of the worst prospects.

Answer

The very high cost of projects in these subsectors make them likely to end up as stranded assets as carbon regulations come online in the coming years. Effectively, any major extreme oil project is a huge bet that the world won’t address climate change. Those wagers look increasingly risky. If climate goals are going to be achieved, governments and private investors will need to turn away from extreme oil and channel their policy and financial support toward efficiency and alternatives

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