The climate impacts of the proposed Keystone XL tar sands pipeline could be worse than thought, a new analysis shows.
According to the study published Sunday in the journal Nature Climate Change, completing this fossil fuel infrastructure project, which would run from Hardisty, Alberta to Steele City, Nebraska, could lead to increased oil production. That in turn will cause a decrease in global oil prices, leading to greater oil consumption, the analysis states.
"We find that for every barrel of increased production, global oil consumption would increase 0.6 barrels owing to the incremental decrease in global oil prices," the study states.
“If that’s the case, that’d be a big greenhouse-gas impact,” stated co-author Peter Erickson, a senior scientist at the Stockholm Environment Institute in Seattle, Washington.