scorecardresearchIt’s Not ESG Driving Big Oil Away From Its Biggest Reserves

It’s Not ESG Driving Big Oil Away From Its Biggest Reserves

Updated: 16 Jun 2022, 08:10 AM IST
TL;DR.
Margins are tight and the quality is low. That makes tar sands a high-stakes bet in the best of times.
Yang Mei Hu oil products tanker owned by COSCO Shipping gets moored at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. REUTERS/Tatiana Meel

Yang Mei Hu oil products tanker owned by COSCO Shipping gets moored at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. REUTERS/Tatiana Meel