An international group of ethical funds with investments in Alberta's oilsands is concerned the industry's environmental performance could be creating financial risk.
Ceres considers greenhouse gas emissions a risk because the industry's rosy forecasts of U.S. export growth don't account for the potential impact of low-carbon fuel standards, now under consideration or implemented in 14 U.S. states.
Ceres estimated in 2010 that if such regulations eventually cover half of the U.S. market, the export potential for oilsands crude would be reduced by 25 per cent. If such regulations were implemented federally, markets for the oilsands fuel could shrink by a third.
Ceres is these guys. So, hardly enviro terrorists.