Biden’s Foolish Sabotage of the Keystone Pipeline

Yahoo  "Joe Biden has not yet been sworn in, but already, he is at war with American energy — which is to say, at war with American prosperity. Biden has promised to sabotage the Keystone XL pipeline, a privately financed, multi-billion-dollar project already under way, and “cancel it on his first day,” according to a briefing document cited by the BBC.

"The Keystone pipeline would, if it were allowed to, carry crude from the oil sands of Alberta to Nebraska, where the pipeline would link up with the existing distribution network to send that oil on to refineries in the Gulf of Mexico. This would benefit Canadian producers and their investors, American refineries and their large, excellently paid work forces — those good, high-paying, blue-collar jobs Biden talks about — and, most important, American consumers, who would have access to yet another source of fuel at attractive prices from a nearby friendly country. This sort of thing is the point of international economic cooperation.

"The notional case against Keystone is environmental in the main part, and in the lesser part an issue of Indian lands and rights. The environmental case is unsound: Canada has ratified the Paris agreement and takes environmental issues relatively seriously. Innovation and technological improvements have substantially reduced the greenhouse-gas emissions associated with Canadian tar-sands productions — by 30 percent since the 1990s, as the Canadian government calculates. Of course, it matters relatively little whether a gallon of gasoline in the tank of a Cadillac Escalade in Houston is refined from Canadian tar-sands oil or from West Texas oil — the relevant emissions come overwhelmingly from the point of combustion.

"Of course there are environmental challenges associated with the oil sands, as there are with any usable source of energy, including wind and solar. These are regulatory and practical challenges that are perfectly manageable. (Which is not the same thing as a guarantee that U.S. or Canadian authorities, or businesses, will manage them perfectly — that kind of oversight is hard work and a serious business.) The same is true of “fracking” and other petroleum-extraction practices. There are many reasonable ways to manage tradeoffs between economic development and environmental priorities — if environmentalists were interested in reasonable tradeoffs, which they aren’t. Biden, already looking over his shoulder at a restive progressive caucus, apparently intends to buy environmentalists off with other people’s money.

"Why?" . . .