Report: The massive expansion of oil pipelines threatens the climate | oil

A report has revealed that more than 24,000 km of new oil pipelines are under development worldwide, a distance nearly twice the diameter of the Earth. The projects, led by the United States, Russia, China and India, are “significantly inconsistent with plans to limit global warming to 1.5°C or 2°C,” the researchers said.

Oil pumped through pipelines will produce at least 5 billion tons of carbon dioxide2 A year when completed, equal to the emissions of the United States, the world’s second largest polluter. About 40% of the pipelines are already under construction, and the rest are under planning. Global carbon emissions must fall by 50% by 2030 to align with internationally agreed targets to limit global warming.

Developers of 10,000 km of pipelines under construction would lose up to $75bn (£70bn) if work on the climate crisis prevents the use of the new pipelines entirely, according to analysts at The Global Energy Monitor (GEM) who issued the report.

More than 24,000 kilometers of new oil pipelines are under development around the world

Russia, which is facing an oil and gas boycott from the West due to the war in Ukraine and wants to increase exports to India and China, is developing 2,000 km of new pipelines.

Regionally, sub-Saharan Africa leads the world in pipeline development, with 2,000 km of oil pipelines already under construction and an additional 4,500 km proposed. Include projects Controversial East African Crude Oil Pipelinewhich will transport oil extracted from a national park in Uganda to an export terminal on the Tanzanian coast.

“For governments endorsing these new pipelines, the report shows an almost intentional failure to meet climate targets,” said GEM’s Bird Langenbrunner. “Despite climate goals that threaten to make fossil fuel infrastructure as a stranded asset, the world’s largest consumers of fossil fuels, led by the United States and China, are stepping up the expansion of oil pipelines.”

The report said the oil industry enjoyed record profits last year, and “is taking advantage of this moment of chaos and crisis to move forward with massive expansions of oil pipeline networks.”

Secretary-General of the United Nations, Antonio Guterres, for world leaders Gathered in New York on Wednesday: “The fossil fuel industry is killing us, and leaders don’t get along with their people, who are calling for urgent climate action.”

The Guardian revealed in May that the world’s largest fossil fuel companies are planning dozens of Oil and gas projects “carbon bomb” That would push the climate beyond temperature targets with catastrophic global impacts. The International Energy Agency said in May 2021 New oil and gas fields were incompatible With the world remaining within relatively safe limits of global heating.

The new report found that the length of the pipeline under construction more than doubled the GEM assessment in 2019, while the length of the proposed pipeline was nearly halved.

The United States is the world leader in pipeline development. “Big push to increase crude oil export capacity from Permian Basin [in Texas and New Mexico] Along the Gulf Coast it can be said that industry, which is gradually losing its social license to build new projects as the effects of the climate crisis intensify.”

India is the leader in pipelines under construction, including the 1,630 km Paradip Numaligarh crude oil pipeline in the northeast of the country, which is expected to start operating in late 2024.

Russia aims to expand its oil exports along the Northern Sea Route, which is becoming more accessible as global warming causes Arctic sea ice to melt. The length of the proposed Vostok pipeline is 1,600 km.

Data on the capacity of the new pipelines was only available for two-thirds of the pipelines in the report, but they would carry 30 billion barrels per day for decades if they continued to operate until the end of their normal life. When burned, this oil produces 4.6 billion tons of carbon dioxide2 annually. GEM’s analysis did not include projects that had failed to drive their development in the past two years, and classified them separately as being shelved.

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