More than half of the world’s new oil and gas pipelines are located in North America, with a boom in US oil and gas drilling set to deliver a major blow to efforts to slow climate change, a new report has found. Of a total 302 pipelines in some stage of development around the world, 51% are in North America, according to Global Energy Monitor, which tracks fossil fuel activity. A total of $232.5bn in capital spending has been funneled into these North American pipeline projects, with more than $1tn committed towards all oil and gas infrastructure. If built, these projects would increase the global number of pipelines by nearly a third and mark out a path of several decades of substantial oil and gas use. In the US alone, the natural-gas output enabled by the pipelines would result in an additional 559 million tons of planet-warming carbon dioxide each year by 2040, above 2017 levels, according to Global Energy Monitor, citing International Energy Agency figures.
Guardian 25th April 2019 read more »