As Climate Fight Shifts to Oil, Biden Faces a Formidable Foe
A story by the Associated Press quoted Fellow Brian Prest regarding his research on a long-term leasing oil & gas leasing ban on federal lands.
" Like Kirkwood Oil & Gas, companies could respond by shifting some of their activities onto private lands in the U.S., and more oil would likely come in from overseas, said economist Brian Prest, who examined effects of a long-term leasing ban for the research group Resources for the Future.
As a result, almost three-quarters of the greenhouse gas emission reductions from a ban could be offset by oil and gas from other sources, said Prest. The net reduction would be about 100 millions tons (91 million metric tons) of carbon dioxide annually."
