"Banks' Emission Pledges Contradicted by Billions Invested in US Gas Exports"

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Source: The Guardian
"Banks' Emission Pledges Contradicted by Billions Invested in US Gas Exports"
Photo: The Guardian
TL;DR Summary

Despite pledging to work towards a world with net-zero emissions, major banks have invested billions in US gas exports, which could triple the amount of gas the US currently exports and add more than 200 coal plants worth of greenhouse gas emissions each year. Critics argue that the full emissions of the exports, including producing and moving that fuel around the world, make that calculus questionable. While European banks have more aggressive 2030 targets, most major banks don’t include loans to Gulf coast LNG projects in their emissions pledges.

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