New Ad Clobbers Keystone Economics

September 9, 2013

The Hill:

Billionaire climate change activist Tom Steyer is launching a four-part, $1 million ad buy that attacks the proposed Keystone XL oil sands pipeline.

The former hedge fund chief’s first ad, slated to run during today’s political talk shows, alleges Keystone wouldn’t help the U.S. because the oil would be  “refined and loaded on ships to be sold overseas to countries like China.”

“Foreign countries will get more access to more oil to make more products to sell back to us, undercutting our economy and our workers,” the ad states.

The Obama administration is weighing whether to grant a cross-border permit for TransCanada Corp.’s pipeline, which would bring oil from Canadian oil sands projects to Gulf Coast refiners.

Keystone pipeline supporters have pushed back against activists’ allegations that Keystone would largely be an export pipeline, either for crude it carries or refined products made with it.


4 Responses to “New Ad Clobbers Keystone Economics”

  1. Sir Charles Says:

    Awesome. It’s time to get the truth out. It’s a pity that you need to be a billionaire to do that in corporate America.

    Thank you, Tom Steyer.

  2. climatebob Says:

    The problem with Port Arthur is that it is only one meter above sea level and may well be under water by mid century. It would pat to take a good look at Greenland before investing in that project.

  3. Jason Kostiw Says:

    Ok, I can see some of those points, but frankly he sounds like a moron when he talks about how Transcanada refuses to guarantee that the oil will stay in the country. He does know that they don’t actually own the oil, right? They just will own the pipeline. That’s like asking a toll-booth operator to guarantee that the truck carrying lumber on his road will sell his lumber to the guy on the left, not the right. As Steyer is an informed person on this topic, I have to assume that he knows this, which pisses me off that he’s trying to mislead me. Someone can tell 100 truths, but if they are caught in one lie (or mistruth, for you people obsessed with semantics) then you discredit everything else you say.

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