Tuesday, August 12, 2014

Adding Fuel to the Fire

The Stockholm Environment Institute asserts that the climatic impact of the Keystone pipeline would be four times higher than first reported. See article here. The calculations are based on the assumption that additional oil in the market would decrease prices and increase consumption, which in turn would increase the environmental impact. But is this true? It depends, I suppose, on which side you take. After all, the premise of transporting oil via Keystone is to replace foreign imports, not necessarily increasing output. But oilsands’ crude emissions are up to 18% higher than Middle East oil. And so you see, the debate continues…

What do you believe?