Report finds Coal-to-Liquids and Oil Shale pose significant financial and environmental risks to investors
Green Car Congress
DECEMBER 19, 2010
With technologically recoverable reserves estimated at about 800 billion barrels in the US—three times the size of Saudi Arabia’s proved reserves—oil shale offers vast development potential. Shell’s recent agreement to develop oil shale in Jordan at a projected cost of $20 billion illustrates the potential cost of these projects.
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