This report examines the environmental, social, and financial implications of Liquefied Natural Gas (LNG) expansion, highlighting the significant role of banks and investors in enabling new LNG infrastructure projects. It critiques the contradictions between the stated climate commitments of financial institutions and their ongoing support for LNG, particularly through project and corporate financing. The document identifies 400 banks and investors behind the $465 billion allocated for LNG expansion between 2021 and 2023, dissecting their policies, practices, and the resulting ecological and community impact. The report calls for robust policy changes to halt LNG expansion in alignment with a 1.5°C climate trajectory.
Authors
Justine Duclos-Gonda, Clara Williams, Louis-Maxence Delaporte
Mentioned Organizations
- Pages
- 18
- Published in
- France
