Monday, November 9, 2015

KXL Decision Neither Irrelevant Or Just Symbolic

The rejection of Keystone XL today marks a turning point for energy decisions: in future, policymakers will be under pressure to consider climate impacts of any new policies and infrastructure. But it is not only setting a bar for future energy decisions: the climate impact of stopping this pipeline is real. Last week we released analysis finding that the existing pipelines out of Alberta are already 89% full: if no more are built, tar sands production cannot grow. Just hours after we published, Shell cancelled its 80,000-barrel per day Carmon Creek tar sands project, which was already half-built. The sole reason it gave was “the lack of infrastructure to move Canadian crude oil to global commodity markets”.

More:  http://priceofoil.org/2015/11/06/how-the-keystone-xl-decision-is-neither-irrelevant-nor-just-symbolic/

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