A recent study by the
International Forum on Globalization (IFG), provides
evidence that the Koch Brothers could earn at least $1 billion from
Alberta tar sand land holdings (with additional profit from their
processing plants and related products and services). This is despite
the unconvincing Koch Brothers claim that they have no personal interest
in the pipeline.
That disconnect reflects a larger problem that befuddles the northern
section of the Keystone XL Pipeline decision. Tar sands oil is already
flowing into the US and the Koch Brothers are already profiting from it
through its conversion into petroleum coke. [...]
Major tar sands oil pipeline
spills have already occurred in Michigan and Arkansas. And the southern
leg of the Keystone Pipeline -- the one Obama approved -- has already
needed 125 repairs from faulty pipes, and it hasn't even started flowing yet. [...]
The carbon bomb come at either end of the process: primarily in the
extraction of tar sands oil in Alberta and in the refining or conversion
to petroleum coke at the other end of the pipeline. [...]
The carbon bomb comes from the increased processing that will result
from a northern pipeline with more capacity; in short the size of the
carbon bomb will be increased because more tar sands oil will be able to
be extracted and carried efficiently (otherwise more train tankers and
land transport options will need to be used, which will slow the
processing and profit down). [...]
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