- Proponents of the Keystone XL pipeline regularly claim that the pipeline will replace heavy oil from Venezuela and elsewhere if it is built. In fact just this week, Rep. Lee Terry (R-NE) claimed that Venezuela’s recent offer of asylum for whistleblower Edward Snowden is somehow a reason to approve the pipeline. The reality is that crude delivered...
Continue reading 'Keystone XL: The Key to Crude Exports – New Report'.
- A new report out today from environmental groups shows that the Keystone XL tar sands pipeline would, if approved, be responsible for at least 181 million metric tons of carbon dioxide equivalent (CO2e) each year, comparable to the tailpipe emissions from more than 37.7 million cars or 51 coal-fired power plants.
- Existing analyses of the impacts of tar sands fail to account for a byproduct of the process that is a major source of climate change causing carbon emissions: petroleum coke - known as petcoke. Petcoke is the coal hiding in North America's tar sands oil boom.
- In our second review of progress in meeting this phase out commitment we conclude that the G20 effort is currently failing.
- Our latest report finds that global fossil fuel production and consumption subsidies are at least $775 billion annually and could be $1 trillion or even more. There is an urgent need for transparency in subsidy reporting.
- This report finds that Keystone XL would reduce gasoline supplies in America by diverting Canadian tar sands crude from the Midwest to the Gulf Coast, blowing apart the tar sands industry's claims that building the Keystone XL pipeline would lower gasoline prices in America.
- This briefing finds that the transport of tar sands oil through pipelines in the United States is exempt from payments into the Oil Spill Liability Trust Fund, which creates a free ride worth over $375 million to tar sands oil producers between 2010 and 2017.
- The Keystone XL pipeline has been presented as a boon to U.S. energy security by its proponents. It is no such thing.
- Tar sands extraction projects are moving forward with increasing pace. The industry ambition is to grow production from today’s level an extraordinary 140 percent by 2025.
Unclear on the Concept: How Can the World Bank Group Lead on Climate Finance Without an Energy Strategy?The World Bank Group is experiencing clear difficulties in synching its core lending and its energy strategy with climate goals, and the institution has taken steps that can easily be viewed as creating a conflict of interest. Given these difficulties and contradictions, the institution should focus on cleaning up its own act before making further forays into climate finance initiatives.
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