A new report reveals the significant climate threats and financial risks associated with five major liquefied natural gas (LNG) export projects proposed for the US Gulf Coast. The report argues that these projects are incompatible with a livable climate and calls for an immediate halt to their construction.
A new report published by Greenpeace USA, Earthworks, and Oil Change International reveals the significant climate threats and financial risks associated with five major liquefied natural gas ( LNG ) export projects proposed for the US Gulf Coast. These projects, with the exception of one, are still awaiting a final investment decision, yet the report unequivocally states that any further investment in LNG is incompatible with a livable climate.
\The report, titled “Failing the ‘Climate Test’: LNG Projects Awaiting Final Investment Decision Do Not Stand Up to U.S. Government Analysis,” analyzed five LNG projects: Venture Global CP2, Cameron LNG Phase II, Sabine Pass Stage V, Cheniere Corpus Christi LNG Midscale 8-9, and Freeport LNG Expansion. The analysis found that each project fails a “climate test” based on models from the Department of Energy’s 2024 LNG Export public interest studies. Contrary to industry claims, the report demonstrates that decreasing methane venting and leaking during gas drilling, transportation, and liquefaction is insufficient to make these projects “climate neutral.”\The report emphasizes that these projects increase greenhouse gas emissions, displace renewable energy, and drive up gas demand, undermining global climate goals. It highlights the negative impacts these projects could have on the environment, public health, and coastal communities. The authors call for an immediate halt to the construction of new LNG facilities and urge a shift towards renewable energy to mitigate climate change and protect communities from the devastating consequences of fossil fuel dependence
LNG Climate Change Renewable Energy Fossil Fuels Methane Emissions
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