The World Bank’s infrastructure program in Indonesia stipulates policies and government subsidies that promote the accelerated development of over 16 GW of coal power projects in the country ahead of developing feasible renewable alternatives.
FAIL: How the Keystone XL Tar Sands Pipeline Flunks the Climate Test
The Obama administration’s decision on the proposed Keystone XL tar sands pipeline is a choice about our climate future. Tar sands are one of the most carbon polluting sources of oil on the planet, and limiting tar sands expansion is critical to fighting dangerous levels of climate change. Climate scientists, energy experts, and even Wall Street and industry analysts agree that the oil industry’s plans to expand tar sands development are not possible without this pipeline.
How much oil we use and how carbon-polluting that oil is will have a
Today we’re releasing a new report with Earth Track that exposes some $4 billion per year in new fossil fuel subsidies which have gone unaccounted for in previous estimates.
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 by Keystone XL will not replace anything.
- Read the Full Report Here. -
Venezuela, Mexico, and Saudi Arabia own roughly half of the heavy oil refining capacity on the U.S. Gulf Coast. These refineries will largely continue to refine their own oil, and Canada’s tar sands crude will have to compete with