Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
What’s good for the planet won’t be great for the oilsands, if two recent studies are any indication.
The price of oil could level out at anywhere between $83 and $87 per barrel from 2030 to 2050 if countries manage to pass lower-carbon policies, says a report from U.K.-based consultancy Cambridge Econometrics.
And with a break-even price of about $80 per barrel, any new oilsands mining projects would only barely make back their investment.
