Keystone XL is a zombie…we killed it before, and we’ll kill it again, but there’s a lot of work to be done–and for right now, we’ll be focusing on the funding.
The Trump Administration has approved permits for KXL, but the project still needs funding from the banks. If we stop that funding, we can stop Keystone XL. Seattle started a national movement by dropping Wells Fargo. We can do it again by promising to dump any bank that directly funds Keystone XL.
Because of the work we all did right after the project was approved, the City Council has approved a resolution that sets the City on the path of doing just that. Check back here soon for more news on how we plan to make this project as politically toxic as it is actually toxic to communities in Canada and around the world.
Key facts about KXL and tar sands:
- The production of oil from tar sands results in more than three times the greenhouse gas emissions of conventional oil production.
- Tar sands infrastructure locks us in to decades of those emissions–it’s so expensive and hard to stop & start that some tar sands projects have been kept running for years even though they’re losing money.
- Speaking of the dangers of climate change with regard to Keystone XL, NASA scientist James Hansen has said, “Phase-out of emissions from coal is itself an enormous challenge. However, if the tar sands are thrown into the mix it is essentially game over.”
- Indigenous communities downwind and downstream of refineries using tar sands are exposed to chemicals even more toxic than those in conventional oil. These chemicals are also more prone to explosion and fire.
- KXL would carry 181 million metric tons of CO2 every year—more than 51 coal plants.
- TransCanada says that KXL will be the safest pipeline ever, but its original Keystone pipeline, which began operation in June 2010, had 12 spills in its first year—more than any other first-year pipeline.
- Over 100 First Nations and tribes have signed the Treaty Alliance against Expansion of the Tar Sands.
- The State Dept. has said that without KXL, Canada will find some other way to ship, such as oil-by-rail. But analyses by Reuters and industry insiders found that rail transport is too expensive; TransCanada has indicated that it needs KXL, “because the cost of moving oil by pipe is about half what it is to move by rail”. Without KXL, much of that carbon is likely to stay in the ground, where it belongs.
- If the tar sands industry moves forward with its existing plans we will lose a boreal forest equal to the size of Maine or of Scotland.
- 90% of the water used in tar sands mining ends up in the world’s largest toxic waste pits.