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News round-up: Axa, Macquarie, NY State Retirement Fund, Ambienta

News Round Up: NY State Retirement Fund, Ambienta

$271bn of capital at risk in Canadian oil sands, says Carbon Tracker

Companies developing oil sands in Canada risk wasting $271 billion of capital on projects that would be uneconomic at an oil price below $95/barrel, the Carbon Tracker Initiative (CTI) has warned.