China is the source of the oil with the highest carbon footprint per unit of energy produced, while Canada produces three of the top four and four of the top 10 dirtiest crudes, according to Know Your Oil, a global oil-climate index released this week by the Carnegie Endowment for International Peace.
Speaking yesterday at the Carnegie Endowment for International Peace in Washington, D.C., the institute's energy and climate program director, Deborah Gordon, explained that oil production methods have changed drastically in recent years.
Researchers at the Carnegie Endowment for International Peace, Stanford University, and the University of Calgary unveiled the first Oil Climate Index to compare various crude oils’ environmental impacts from the wellhead to the consumer.
The good folks at the Carnegie Endowment for International Peace thought someone had better analyze which oils were a bad idea to extract, and which oils were a really, really, really bad idea to extract.
“You realize very quickly that there’s a lot of differences that … are all hidden under one term called oil,” Deborah Gordon, who directs the Carnegie Endowment's energy and climate program, said by phone. “I don’t think that’s going to be adequate for investors in the 21st century, or for governments permitting projects, or for the environmental community.”
After conducting an in-depth analysis of 30 different oils around the world, the investigation found that the “emissions differences between oils are far greater than currently acknowledged.”
This week a distinguished group of experts from across North America released an Oil Climate Index that provides insight, data and models into the changing nature of oil, and what it means for the climate.