Out here we use bio-degradable crepe paper, tied on with cotton twine which is also bio-degradable.
We do pick up as much streamer as we can after our matches, but as you probably can figure we don't get it ALL. It really does go away pretty quick, so it has not been much of a worry for us.
As for conductivity, I would think if the crepe paper conducted ANY current it would get hot and just disappear in a flash, unlike the video tape which could carry a lot more current before vaporizing.
Another advantage of crepe paper is it cuts easier... as in, if someone makes a "cut" it really does come apart where tape may just stretch and stay attached to the "target".
Our rules call for a 30' streamer on a 6' string leader, by the way.