Huge Expansion Of Oil Pipelines Endangering Climate, Report Says

By Damian Carrington, The Guardian

More than 24,000km 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 US, Russia, China and India, are “dramatically at odds with plans to limit global warming to 1.5C or 2C”, the researchers said.

The oil pumped through the pipelines would produce at least 5bn tonnes of CO₂ a year if completed, equivalent to the emissions of the US, the world’s second largest polluter. About 40% of the pipelines are already under construction, with the rest in planning. Global carbon emissions must drop by 50% by 2030 to keep on track with internationally agreed targets for limiting global heating.

The developers of the 10,000km of pipelines in construction stand to lose up to $75bn (£70bn) if action on the climate crisis prevents the new pipelines being fully used, according to the analysts at Global Energy Monitor (GEM) who produced the report.

Russia, which is facing oil and gas boycotts from the west over the war in Ukraine and wants to increase exports to India and China, is developing 2,000km of new pipelines.