U.S. billionaire backs anti-Keystone XL ad: video
Billionaire U.S. investor and climate activist Tom Steyer is backing a four-part, $1 million anti-Keystone XL pipeline advertising campaign. He says the pipeline would hurt the U.S. economy.
The first commercial features Steyer in Port Arthur, Texas, saying that much of the oil from Alberta to refineries along the U.S. Gulf Coast would end up being exported to other countries.
Port Arthur is where the proposed Keystone XL pipeline, which would carry oil sands crude from Alberta, would end. It is where refineries process 900,000 barrels of oil per day, and according to data collected by the Texas Cancer Registry, people in the area suffer higher cancer rates and four times as likely to report heart and respiratory problems than the average Texan.
“Foreign countries will get more access to more oil to make more products to sell back to us, undercutting our economy,” Steyer says in the ad.
“Here’s the truth: Keystone oil will travel through America, not to America. Deals have been cut, and America has been cut out.”
The Keystone XL pipeline would carry about 830,000 barrels a day from the Alberta's oil sands to the Gulf Coast. U.S. President Barack Obama is expected to make the decision within several months, but he told reporters in July that he wouldn’t approve the project if the pipeline would worsen global warming.
Last month, Prime Minister Stephen Harper recently wrote Obama a letter suggesting that Canada would work with the U.S. on greenhouse gas reduction if that would help him approve the controversial pipeline.