cover image: Frozen Gas, Boiling Planet: How Bank and Investor Support for LNG is Fueling a Climate Disaster

Frozen Gas, Boiling Planet: How Bank and Investor Support for LNG is Fueling a Climate Disaster

5 Dec 2024

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.
climate change renewable energy global warming environmental policy fossil fuels financial institutions lng energy transition methane emissions

Authors

Justine Duclos-Gonda, Clara Williams, Louis-Maxence Delaporte

Mentioned Organizations

Pages
18
Published in
France

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