{"id":35106,"date":"2024-12-05T00:05:59","date_gmt":"2024-12-04T23:05:59","guid":{"rendered":"https:\/\/reclaimfinance.org\/site\/?p=35106"},"modified":"2024-12-04T18:07:15","modified_gmt":"2024-12-04T17:07:15","slug":"frozen-gas-boiling-planet-how-the-support-of-banks-and-investors-to-lng-fuels-a-climate-disaster","status":"publish","type":"post","link":"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\/","title":{"rendered":"Frozen Gas, Boiling Planet: How the support of banks and investors to LNG fuels a climate disaster"},"content":{"rendered":"

In light of the surge in Liquefied Natural Gas (LNG) terminals over the past few years, Reclaim Finance sought to assess which financial institutions are behind the massive boom in LNG. While the International Energy Agency has stated for two years in its Net Zero Emissions by 2050 scenario that new LNG export terminals are unnecessary in a 1.5\u00b0C pathway, this report analyzes which banks and investors are pouring billions of dollars into the largest LNG developers and their new terminals. Additionally, through an evaluation of the climate commitments and policies of the 30 largest banks and 30 biggest investors backing LNG expansion, we realized that none of them have put an end to all financial services for LNG expansion.<\/strong><\/p>\n<\/div>

<\/div><\/div><\/span>

Key findings:<\/h2><\/span>
<\/div><\/div><\/div>
<\/div><\/div>
0<\/span> GT<\/span><\/div>
of greenhouse gas emissions could be emitted by 63 new export terminals by the end of the decade<\/div><\/div><\/div><\/div><\/div><\/div>