Consumer Energy Alliance's Michael Whatley says Keystone XL would serve interest of American consumers. (OnPoint, 02/06/2012)
With the heft to carry half a million barrels of oil daily, the $7 billion Keystone XL pipeline is a huge proposal. But behind the furor over it lies an even bigger question: How should America approach the massive fuel reserves that its northern neighbor is working overtime to tap?
A common rallying cry against the Keystone XL pipeline is that it would be a climate change disaster.
But a new analysis says that the possible rise in global temperature that would occur from burning Canadian oil sands crude is small in comparison to combusting global reserves of coal or natural gas, and not likely to single-handedly create a climate tipping point. In addition to existing pipelines carrying oil-sands fuel to the United States, Keystone XL would have ferried the crude from Alberta to Texas refineries.
House Republicans today pushed all their chips onto an election-year bet that using energy projects as emblems of their jobs plans compared to President Obama's -- the GOP "Keystone economy" versus the Democratic "Solyndra economy" -- will resonate with voters.
Construction of oil and natural gas infrastructure such as pipelines is poised to pump more than $56 billion into the U.S. economy and generate an average of 132,000 new jobs annually over the next five years, according to a study released today by the Interstate Natural Gas Association of America.
The Canadian and Albertan governments announced an agreement yesterday to study greenhouse gas emissions in the country's oil sands region, as activists prepared to protest the Keystone XL pipeline in two U.S. states.
| 08/26/2011 | OIL SANDS: Canada-U.S. pipeline poses few environmental risks -- State Dept.The $7 billion Keystone XL oil pipeline cleared a key hurdle today, as the State Department finalized an environmental review that found limited hazards from the controversial Canada-to-U.S. project. | Greenwire |
|
| 08/23/2011 | OIL SANDS: With emotions high and evidence low, pipeline corrosion questions hound Keystone XLOUTSIDE FORT McMURRAY, Alberta -- Hold a vial of pumped and processed oil to the light here, just before it enters the pipeline that one executive jokingly calls "the cash register," and you can see a layer of watery sediment settled at the bottom. Environmental and safety groups warn that this diluted bitumen poses a greater risk of pipeline corrosion and spills than conventional fuel or the synthetic crude also produced from the Canadian oil sands. | Greenwire |
|
| 08/19/2011 | OIL AND GAS: Protest makes Keystone XL newest front in climate clashIn the year since a cap-and-trade climate bill failed on Capitol Hill, a funny thing happened -- gradually but unmistakably -- to the U.S.-Canada pipeline project known as Keystone XL: It became the global warming fight's new guise. Keystone XL's ascension from little-known commodity to fodder for a marquee bout between industry groups and environmentalists is set to start its last leg tomorrow, as green advocates converge on the White House for a two-week demonstration against the $7 billion proposal. | Greenwire |
|
| 08/16/2011 | OIL AND GAS: Reclaimed dump sparks oil sands sustainability debateWOOD BUFFALO, Alberta -- Along the verdant knolls and shallow streams of Wapisiw Lookout, foxes scamper and raptors nest amid newly planted trees. If not for the refinery flares in the distance and the checkpoint that screens visitors to Wapisiw, one might forget that the grassy 550-acre landscape spent the past four decades as a waste pond for Canada's largest energy company. | Greenwire |
Advertisement