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.