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

"Selling carbon offsets is deeply misguided. Offsets are unlikely to generate funds at the scale needed, and any offset transactions would negate the climate benefits from shutting down coal plants"

#ReclaimFinance: https://reclaimfinance.org/site/en/2024/11/12/coal-transition-commission-disappoints-with-misguided-promotion-of-offsets/

#credits #abatments #coal #CTC #COP29 #emissions #transition #energyTransition #offsets #energy #carbonOffsets #plants #coalPlants #carbon #GHG

@eu @energy @energyecon

"European banks’ sectoral policies are too weak overall, as only four restrict financing to companies developing new oil and gas fields, and only one prohibits financing to LNG export terminal developers."

#ReclaimFinance: https://reclaimfinance.org/site/en/2024/11/07/european-banks-and-transition-time-for-a-reality-check/

#oilAndGas #energy #banks #finance #Europe #greenCapitalism #EU #carbon #growth #spillovers #transition #greenTransition #energyTransition #drill #development #growth #economy