Keystone XL is a proposed 1,700 mile crude oil pipeline that is designed to bring tar sands derived crude oil from Alberta, Canada to Texas. Its proponents claim that Keystone XL and the Canadian crude oil it will deliver will enhance U.S. energy security. This fact sheet explains why this claim is false.
Keystone XL will not lessen U.S. dependence on foreign oil, but rather transport Canadian oil to American refineries for export to overseas markets.
A dual focus on increasing access to energy services for the world’s poorest and promoting clean sources of energy is a win-win scenario for development and the environment.
Private international oil companies have limited opportunities for growing their oil production. They have been forced to go to the extremes to pursue oil wherever they can get it.
The U.S. already imports over 2 million barrels a day from Canada. It did not protect us from rising prices in 2008, it hasn’t this time, and it never will.
Our research found that at least four of the top six IOCs have significantly relied on tar sands reserves additions to support RRR rates in the past five years. As a percentage of total liquids additions, tar sands represents between 26% and 71% of reserves additions for these four companies.
This study finds that none of the World Bank Group’s fossil fuel finance directly targets the poor or ensures that energy benefits are reaching the poor.
This report reveals that petroleum products containing tar sands crude oil have been regularly entering the EU’s petroleum supply chain for some time, primarily through imports of diesel from the US Gulf Coast. If the proposed Keystone XL pipeline is built, bringing tar sands from Alberta to Gulf Coast refineries, the amount of tar … Read More
This new research paper rates the carbon intensity of the top international oil companies, revealing that Shell is now the most carbon intensive oil company in the world based on its total resources.
The World Bank’s new three-year Strategic Framework on Development and Climate Change makes a strong case for urgent action on global warming, but the Bank’s increased lending for fossil fuels in the past year suggests limiting climate change is far from a priority.