This story was originally published by The Guardian and is reproduced here as part of the Climate Desk collaboration.
More than 14,000 miles of new oil pipelines are under development around the world, a distance equivalent to almost twice the Earth’s diameter, a report has revealed. The projects, led by the U.S., Russia, China, and India, are “dramatically at odds with plans to limit global warming to 1.5 degrees Celsius or 2 degrees Celsius,” the researchers said.
The oil pumped through the pipelines would produce at least 5 billion tons of CO2 a year if completed, equivalent to the emissions of the U.S., the world’s second largest polluter. About 40 percent of the pipelines are already under construction, with the rest in planning. Global carbon emissions must drop by 50 percent by 2030 to keep on track with internationally agreed targets for limiting global heating.
The developers of 6000 miles of pipelines under construction stand to lose up to $75 billion if action on the climate crisis prevents the new pipelines being fully used, according to the analysts at Global Energy Monitor who produced the report.... Read more