A $200bn surge in gas projects could unleash emissions matching all coal plants globally, highlighting a critical dilemma in the transition from coal to gas.
Justine Duclos-Gonda of Reclaim Finance stated, 'Oil and gas companies are betting their future on LNG projects, but every single one of their planned projects puts the future of the Paris agreement in danger.'
The report revealed a notable increase in gas export and import terminals, with 156 projects planned by 2030 that could result in substantial greenhouse gas emissions.
Investments are being funneled into LNG terminals as investors support oil and gas companies, yet these actions pose significant risks to achieving climate targets.
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