Banks flout net-zero targets to cash in on the next LNG boom
Corporate Knights
DECEMBER 9, 2024
Liquefied natural gas developers have expansion plans that could release 10 additional metric gigatons of climate pollution by 2030, and major banks and investors are enabling them to the tune of nearly $500 billion. Instead of winding down financing, these banks are winding it up, as LNG funding increased by 25% from 2021 to 2023.
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