The massive gas export facility Rio Grande LNG includes the largest greenfield project financing deal in U.S. history, but the export terminal threatens the Texas coast and will lock in climate pollution for years to come.
Following the launch of the Dangote Refinery, aimed at making Nigeria become a petroleum exporter, experts have raised concerns over possible drawbacks on net zero goals and its environmental impact on residents.
As insurance companies withdraw from disaster-prone areas, a Senate Committee sent a sharply-worded letter to seven insurance companies, accusing them of insuring fossil fuel projects and contributing to climate risk and a crisis that is now putting financial pressure on their own industry.
A campaign to pressure major companies worldwide to reveal their environmental impact says that 1,600 companies, including ExxonMobil and Saudi Aramco, are still not disclosing enough info to investors.
While much of the Texas coast is inundated with oil and gas infrastructure, the southern coast remains largely untouched by heavy industry. That could change with big plans for Texas LNG export terminals.
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