Claim: Up to $500 billion in damages from Keystone XL oil

This is junk science/economics because…

This calculation is based on the entirely imaginary concept of a social cost of carbon. In reality there is no social cost of carbon (our economy is 100% dependent upon carbon).
At a price of $100 barrel, over the next 48 years, the Keystone XL will facilitate the development of $1.45 trillion worth of oil.
$1.45 trillion in value > zero costs.

2 thoughts on “Claim: Up to $500 billion in damages from Keystone XL oil”

It’s a cost without values.:-)

Has anyone quanitifed the social cost of environmentalist histronics?

2 thoughts on “Claim: Up to $500 billion in damages from Keystone XL oil”