FOR IMMEDIATE RELEASE
9 JANUARY 2015

In response to the Nebraska Supreme Court decision on the Keystone XL tar sands pipeline route, Steve Kretzmann, Executive Director of Oil Change International released the following statement:

“While the route for Keystone XL may have been approved on a technicality, passing the climate test is a much higher bar. Even the State Department’s own report was clear that in the event of low oil prices, Keystone would spur significant upstream production and thus significant additional carbon pollution. We look forward to the President’s rejection of the Keystone XL pipeline - the first piece of fossil fuel

The President is right to threaten a veto of legislation to approve the pipeline, just as he’ll be right to reject Keystone XL once and for all. The pipeline clearly fails the climate test that the President set out last year, particularly with low oil prices.

A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) and Oil Change International quantifies for the first time the financial and carbon impact of public opposition to pipelines and other expanded investment in tar sands production.

Today, the Sierra Club and Oil Change International released a new report highlighting the failure of the world’s top multilateral development banks (MDBs) to align their energy lending with the International Energy Agency’s (IEA) projections for ending energy poverty.

A report published today by Oil Change International presents new analysis that confirms that shipping tar sands bitumen by rail cannot possibly meet the tar sands industry’s reckless production growth plans.