IHS CERA Study: Keystone XL will have ”no material impact’ on greenhouse gas emissions
- Keystone XL will have “no material impact” on greenhouse gas emissions.
- Venezuela will be “the number one beneficiary of a negative decision” on Keystone XL.
- Rail is a viable option for transporting Canadian oil sands: “Even if new pipelines lag oil sands growth, rail will fill the gap, as it is doing today.”
- “Even if the Keystone XL pipeline does not move forward, we do not expect a material change to oil sands production growth.”
IHS CERA’s independent report released this week finds that Keystone XL will have “no material impact on greenhouse gas emissions,” and therefore, meets President Obama’s clearly stated test for approval of the pipeline. Further, the report addresses opponents’ charges head on regarding the State Department’s Draft Environmental Impact Statement findings, eviscerating their oft-repeated claims that without Keystone XL Canadian oil sands will stay in the ground.