This article discusses a study that shows how the “Keep it in the Ground” campaign would cut climate emissions.
Limiting fossil fuel production on U.S. federal lands would reduce both global oil consumption and overall carbon emissions, according to a new study by the Stockholm Environment Institute (SEI), a research organization focused on sustainable development. In the study, SEI researchers specifically examined the policies proposed in the “Keep It in the Ground Act,” which would ban new and renewed leases to extract oil, gas, and coal on all federal lands, and was introduced in Congress in 2015, 2016, and again in 2017.
“Our models show that each barrel of U.S. oil left undeveloped leads to about a half-barrel drop in global oil consumption,” said Pete Erickson, SEI senior scientist and study co-author. “In the long term, the smart choice — for the climate and the economy — is to phase down oil and gas production, not ramp it up.”