Huge expansion of oil pipelines endangering climate, says report

theguardian.com:

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.

Regionally, sub-Saharan Africa is leading the world in pipeline development, with 2,000km of oil pipelines already under construction and an additional 4,500km proposed. The projects include the controversial East African crude oil pipeline, which will transport oil drilled from a national park in Uganda to an export terminal on the coast of Tanzania.

“For governments endorsing these new pipelines, the report shows an almost deliberate failure to meet climate goals,” said Baird Langenbrunner at GEM. “Despite climate targets threatening to render fossil fuel infrastructure as stranded assets, the world’s biggest