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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Report: Iraq is among the top 10 countries in the world in oil pipeline capacity

rocky
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Report: Iraq is among the top 10 countries in the world in oil pipeline capacity Empty Report: Iraq is among the top 10 countries in the world in oil pipeline capacity

Post by rocky Wed 28 Sep 2022, 5:05 am

Report: Iraq is among the top 10 countries in the world in oil pipeline capacity

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Economy News - Translation
While the number and length of operating oil pipelines have declined since 2010, a new report warns, global stockpiles could grow to an unprecedented level and undermine efforts to curb global warming.
A Crude Awakening paper published by Global Energy Monitor (GEM) that tracks energy generation, distribution and investment infrastructure states that the oil industry has more than 24,000 kilometers of new oil pipelines under development, with more than 10,350 kilometers already under development.
State-owned companies, including China National Petroleum Corporation, Indian Oil Corporation, the government of Zambia and the Iraqi Ministry of Oil, are major contributors to these plans, along with companies such as TotalEnergies, ConocoPhillips and Tullow Oil.
The United States and India are linked by the largest capacity of new pipelines in terms of length, with a length of about 2,800 km each. In India, there are already 1,630 km under construction. US capacity has been largely proposed but not yet built, with only 137 km under construction at this point. According to .edie.net
Among the top 10 countries for most new pipeline capacity are China, Russia, Tanzania, Canada, Iran, Niger, Kenya and Iraq. Russia, the countries of the Greater Gulf region, are likely to export oil from these pipelines to India and China as they face boycotts from European and North American countries.
Regionally, GEM found that Sub-Saharan Africa leads the world in the development of the planned pipeline in terms of length. This is cause for concern because the region has, historically, not been a major contributor to global emissions - yet it faces challenges in accessing energy. According to the International Energy Agency, 74-77% of the population has no access to electricity. Moreover, more than 80% of the population does not have access to clean cooking fuels and techniques.
GEM warns that there are two possible outcomes facing pipeline development. Either it is allowed to move forward, and the world's chances of meeting the Paris Agreement's temperature limits have faded, or developers will face billions of dollars in losses through stranded assets if strong climate policies and direct action prevent a backlog.
In the first case, the oil pumped through the pipelines would produce at least five billion tons of greenhouse gas emissions annually, if all were completed, according to GEM estimates.
Regarding the latter, GEM estimates that developers collectively face the risk of stranded assets of up to $75.4 billion in a low-carbon transition.
GEM accuses governments of paying for the pipelines, or otherwise subsidizing them, for "nearly willful failure" to meet international climate agreements.
The report comes less than two months before COP 27, when delegates gather in Egypt to brief each other on Paris Agreement plans and formulate new commitments on mitigating and adapting to climate change. The summit will start on November 6 in Sharm El Sheikh.


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