Fight Coal, Not Keystone
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April 9 (Bloomberg) -- Climate activists amassed animpressive army to march on Washington against the Keystone XLpipeline and the dirty oil it would bring from Canada to U.S.refineries and world energy markets. In this fight, however, arelatively small volume of carbon-dioxide emissions is at stake-- the Environmental Protection Agency estimates that those fromKeystone amount to a mere 0.2 percent of the “carbon budget”that scientists say we need to shrink in order to avoidcatastrophic warming.
As two analysts committed to addressing climate change, weapplaud the organizers’ show of strength, but recommend theyswitch targets and address a carbon enemy more worthy of theirarmy: U.S. coal.