P The 48-page letter obtained by The Washington Post demands the State Department, which has jurisdiction over the pipeline permit, prepare a new supplemental environmental impact statement to take into account several new analyses that they say prove the project will speed heavy crude extraction in Canada’s oil sands region. The State Department is currently responding to more than 1.2 million comments on the Supplemental Draft Environmental Impact Statement it issued March 1, which it plans to finalize this fall. In that document, the department suggested denial of TransCanada’s permit would have little overall climate impact because the oil would be extracted and shipped out anyway, largely by rail. “Since the close of the comment period, evidence of inaccuracies and bias in the State Department’s review of Keystone XL has been steadily mounting,” says Doug Hayes, a Sierra Club attorney. “This new information demonstrates that the review relies on an overly-simplistic, outdated view of a rapidly-changing oil market.” They cite several reasons for redoing the assessment’s climate analysis, including a Goldman Sachs report that questions the extent to which rail shipments can replace a pipeline slated to transport 830,000 barrels of crude per day; the Royal Bank of Canada’s estimate that denying the project would jeopardize $9.4 billion in oil sands development; and the fact that the Environmental Protection Agency filed comments in April suggesting the State Department downplayed the amount of greenhouse gas emissions linked to the project’s construction. EPA estimated the pipeline’s annual climate impact — taking into account the carbon intensity of Alberta’s oil compared to average crude oil — would be 18.7 million metric tons of carbon from the time of extraction to the time it reaches gas stations. The groups also call on State Department officials to take into account the higher “social cost of carbon” the administration is now using, which aims to capture the negative climate impact of activities that release carbon into the atmosphere. This month the Office of Management and Budget raised that figure by roughly 60 percent.
Posted on: Fri, 28 Jun 2013 05:18:26 +0000
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