Fantastic news! This morning President Obama rejected the Keystone XL pipeline, capping a seven-year uprising against the project, which would have carried 800,000 barrels of extreme oil from Canada to the Gulf Coast every day.
But as I read the New York Times front page story about the big news, a buried quote caught my attention. Energy market analyst Christine Tezak told the Times, “From a market perspective, the industry can find a different way to move that oil … How long it takes is just a result of oil prices. If prices go up, companies will get the oil out.”
I don’t often find myself agreeing with energy market analysts, but Ms. Tezak’s comments underscore the reality that a carbon tax that builds fossil fuels’ true costs into their price is the only lasting way to address climate change and keep those fuels in the ground.
The climate movement has scored a huge win today, and we tip our hat to Bill McKibben and 350.org for helping build the movement around stopping Keystone. It was a gutsy choice against huge odds, and they stuck to it. But we need the victory to be more than symbolic, and more than a show of force. We need it to be a stepping-stone to permanence.
We at CTC will be continuing to offer hard-hitting news and analysis to educate leaders in the climate movement about the urgent need to prioritize a carbon tax in their — and our — campaigning.
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