|Price due to greed. No other plausible reason|
In the meantime it turns out that *gasp* environmentalists may be politically motivated and even capable of *double gasp* unethical behavior.
Now let's juxtapose these two stories:
The State Department’s final environmental impact analysis for the proposed Keystone XL pipeline downplays the significance the pipeline would have for development of the Canadian tar sands, according to a new analysis from a United Kingdom-based group. The analysis also argues that the State Department underestimated the amount of greenhouse gas emissions that would come with that development.
The Carbon Tracker Initiative, a nonprofit that focuses on how carbon budgets interact with financial markets, released the new report on Monday, making its case for why Keystone XL is more important in the context of global emissions than the State Department’s study indicates.
Carbon Tracker says the government’s analysis “does not fully explore” how the lower transportation costs of pipeline transportation, when compared to rail transportation, would affect future oil sands production. The price of oil would have to be higher to make shipping by rail cost effective. Given the difference in price points at which the various methods of shipping become cost effective, oil companies could produce much as 525,000 more barrels of oil per day out of the tar sands if they have access to the Keystone XL pipeline.And this:
Chevron, which some years back was presented with a multi-billion-dollar judgment related to pollution claims in Ecuador, has been engaged in a years-long battle against a coalition of lawyers, environmental groups, and activists, and its defense has been an interesting one: Not only has Chevron rejected the specific claims against it, it has maintained that the case is the result of a criminal conspiracy involving those same lawyers and environmentalists, corrupt judges, bribery, and more. The company’s general counsel, Hewitt Pate, said today: “The case against Chevron was the result of fraud, bribery, and other crimes, and its aim was extortion.”
The story might have struck many as too implausible even for a B movie, but a U.S. district court today issued a remarkable opinion confirming that the judgment against Chevron is indeed the result of fraud.
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