2024-12-05 20:21 UTC
The expansion of LNG depends on the support of banks and asset managers who continue to pump unrestricted finance into the sector, with banks providing US$213 billion for LNG expansion between 2021 and 2023.
The #report assesses financial flows (project financing and corporate financing) to and investments (bonds and equity) in the 150 largest LNG developers: https://reclaimfinance.org/site/en/2024/12/05/frozen-gas-boiling-planet-how-the-support-of-banks-and-investors-to-lng-fuels-a-climate-disaster/
#LNG #oilAndGas #energy #GHG #exports #emissions #carbon #methane #assets #capacity #commodities #ReclaimFinance
Replies (1)
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@maugendre@mas.to 2024-12-28 17:48
@ecology@a.gup.pe @energyecon@a.gup.pe "#MUFG, Japan’s largest bank and the world’s top LNG financier from 2021 to 2023, has brazenly stepped into the role of financial advisor for the controversial Papua LNG project. This venture, led by Total Energies, ExxonMobil, Santos, and ENEOS (JX Nippon), has already faced massive opposition, with 11 banks—including all major French and Australian financiers of its predecessor, PNG LNG—publicly refusing to finance it." https://www.marketforces.org.au/mufg-backs-papua-lng/ #gas #LNG #naturalGas #PNG