More Hellfires, Drowning in LNG
SAN FRANCISCO, January 18 – Big banks have spent $213bn on constructing new intake/outtake liquefied natural gas (LNG) ports, planet-decimating ‘climate bombs’.
Since 2023, 108 new terminals (8 export, 99 import) have increased the world’s export capacity by 7 per cent, and the global import capacity by 19 per cent.
Big banks have committed funding for completion of another 156 LNG terminal projects (63 export, 93 import) by 2030.
These monstrosities will bleed the equivalent methane of the current annual emissions of all coal-fired facilities combined, 10 billion tons of HEAT during the next five years.
LNG is a dirty fossil fuel. It’s at least 24 per cent worse for the climate than coal.
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