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Shell Abandons Driftwood LNG After Tellurian's Failed Billion Dollar Bond Sale, Project Now On Shaky Grounds
Today, news broke that Shell and Vitol dropped their investments in Tellurian Inc's Driftwood LNG, one of the largest fracked gas export terminals proposed in Southwest Louisiana (SWLA). Shell's announcement comes just days after Tellurian Inc.'s failed $1 billion bond sale, plunging stock in the project by 24%. This news is celebrated by community leaders and environmental advocates who've been organizing against Driftwood LNG for its threats to public health, the regional environment, and global climate.
WASHINGTON
Today, news broke that Shell and Vitol dropped their investments in Tellurian Inc's Driftwood LNG, one of the largest fracked gas export terminals proposed in Southwest Louisiana (SWLA). Shell's announcement comes just days after Tellurian Inc.'s failed $1 billion bond sale, plunging stock in the project by 24%. This news is celebrated by community leaders and environmental advocates who've been organizing against Driftwood LNG for its threats to public health, the regional environment, and global climate.
Driftwood LNG started site preparation in April 2022 without having reached a Final Investment Decision. The Calcasieu River in SWLA is one of the most industrialized regions in the country. There are already three operational LNG export terminals in Southwest Louisiana, and that number is supposed to increase to around 10, including Driftwood LNG. Community members have voiced serious concerns with Driftwood LNG regarding their pollution impacts on their health, safety from risks of explosions, and their local environment. Sierra Club and Healthy Gulf also filed a lawsuit in July 2022 challenging the Army Corps of Engineers' Section 404 permit for the facility as failing to avoid and compensate for impacts to wetlands, as required under the Clean Water Act.
Driftwood LNG has secured a $2.4 billion 10-year industrial tax exemption from the Calcasieu Parish School Board and Police Jury. The State of Louisiana also signed off on the tax exemption for the facility, though it was projected to only create 300 permanent jobs, according to the Louisiana Economic Development Secretary. Meanwhile, many Southwest Louisiana residents note that their schools, public infrastructure, and hurricane recovery programs are critically underfunded.
"Like most of the country, Southwest Louisiana has experienced record-high energy bills directly related to the enormous amount of natural gas that is already being exported to other countries. Our food and electricity bills soar while gas companies make record profits. We can not afford any more of these facilities: to our health, our coast, and our pocketbooks," said James Hiatt, Southwest Louisiana Coordinator with Louisiana Bucket Brigade. "We are still recovering from record-breaking natural disasters caused by our collective dependence on fossil fuels. Invest in SWLA - just not in more destructive and dangerous fossil fuel projects. Driftwood riskily began construction before the financing was even secured, and now are reaping results. Damaging our coasts and livelihoods for the profits of the few is a fool's errand."
"While the fight is not over, this is hopeful news. Driftwood LNG has one of the biggest tax breaks only to come and pollute our neighborhoods while our communities in Southwest Louisiana continue to be neglected. Just today I spoke with FEMA representatives who said that over 500 people will have to vacate their FEMA trailers next month, even though these families still haven't fully recovered from the destruction from Hurricanes Laura and Delta. Our priorities are backwards; we should be putting people first, not big polluters," said Roishetta Ozane, founder of the Vessel Project and Southwest Louisiana Organizing Director with Healthy Gulf. "From tax breaks to pollution and now to these recent financial downswings, we have all the evidence we need to understand that Driftwood will be a parasite on Southwest Louisiana. It's time that our public officials and the banks that support this awful project finally pull the plug on Driftwood."
"It has been clear from the beginning that Tellurian's Driftwood project is a bad investment. Tellurian has led investors on a roller coaster of reckless gambles and abrupt changes for years, burning through hundreds of millions in investor cash and yielding abysmal results," said Adele Shraiman, Representative for Sierra Club's Fossil Free Finance Campaign. "Their newest offering promised massive risk and very little stability for investors, so it's not surprising that investors have backed away from this deal. Driftwood LNG also faces several legal challenges and community opposition, so its financial future is tenuous at best. Banks and investors would be wise to reconsider support for other reckless LNG expansion projects."
"I'm relieved that this project may not happen as planned. We don't need more LNG export terminals. I just want people to be able to enjoy the land and water without the blight of industry, and all the pollution they impose on our communities," said Natalie McLendon, a resident of Southwest Louisiana.
The Sierra Club is the most enduring and influential grassroots environmental organization in the United States. We amplify the power of our 3.8 million members and supporters to defend everyone's right to a healthy world.
(415) 977-5500LATEST NEWS
Calls for Waltz's Resignation Grow Amid Report of At Least 20 Sensitive Signal Group Chats
"There must be accountability for this administration's dangerous disregard for our national security," said one Democratic congressman and former military prosecutor.
Apr 02, 2025
U.S. National Security Adviser Mike Waltz and members of his staff have created at least 20 group chats on the encrypted messaging app Signal to coordinate official work on sensitive policy issues around the world, four people who were added to such groups told Politico.
Waltz was already under fire for a group chat about the U.S. bombing Yemen when the report broke. Politico's Dasha Burns wrote on Wednesday that "none of the four individuals said they were aware of whether any classified information was shared, but all said that posts in group chats did include sensitive details of national security work."
The anonymous sources told Politico that the group chats involved policy issues involving China, Ukraine, Gaza, the Middle East, Europe, and Africa. One of them said, "It was commonplace to stand up chats on any given national security topic," one of the four sources told the outlet.
The Politico article comes a day after The Washington Postreported that Waltz and other members of President Donald Trump's National Security Council conducted official government business via their personal Gmail accounts, which are far less secure than Signal chats.
The fresh revelations also come as "Signalgate"—in which Waltz, Defense Secretary Pete Hegseth, and other top Trump administration officials added a journalist to a Signal group chat about plans to bomb Yemen—still smolders.
Calls for Waltz's resignation or firing, which were already numerous in the wake of Signalgate, mounted Wednesday.
Resign.
[image or embed]
— Senator Ed Markey ( @markey.senate.gov) April 2, 2025 at 2:26 PM
"Waltz must resign. Hegseth must resign," Rep. Ted Lieu (D-Calif.), a member of the House Foreign Affairs Committee, said on the social media site Bluesky. "There must be accountability for this administration's dangerous disregard for our national security."
Referring to the Signal group chats, Rep. Jimmy Gomez (D-Calif.) asked on the social media site X, "How many more are there?"
"Even Trump allies say this doesn't pass the smell test," he added. "National Security Adviser Waltz and Pete Hegseth need to be fired."
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'Welp, There Goes the Economy': Trump Tariffs Trigger Global Alarm
"He's taking a sledgehammer to the economy and pursuing unpopular, reckless trade policies that will do nothing to benefit workers and only serve to increase costs for consumers," warned one expert.
Apr 02, 2025
After U.S. President Donald Trump announced long-anticipated sweeping tariffs at the White House Rose Garden on Wednesday, economists, labor leaders, American lawmakers, and other critics reiterated that the move will negatively impact people worldwide.
The president revealed that on April 5, he will impose a 10% tariff on all imported goods and additional penalties for dozens of countries, including major trading partners—ignoring warnings that, as Jeffrey Sachs wrote in a Common Dreams opinion piece, his "tariffs will fail to close the trade and budget deficits, raise prices, and make America and the world poorer."
Trump's related executive order states that he finds "that underlying conditions, including a lack of reciprocity in our bilateral trade relationships, disparate tariff rates and nontariff barriers, and U.S. trading partners' economic policies that suppress domestic wages and consumption, as indicated by large and persistent annual U.S. goods trade deficits, constitute an unusual and extraordinary threat to the national security and economy of the United States."
The order adds that the "threat has its source in whole or substantial part outside the United States in the domestic economic policies of key trading partners and structural imbalances in the global trading system," and declares a national emergency.
NBC Newsreported Wednesday that "global markets reacted sharply and swiftly... with investors fleeing U.S. stock indexes and companies that rely on global supply chains seeing their stocks plummet." The outlet noted that Dan Ives, an analyst at the investment firm Wedbush Securities, wrote, "President Trump just finished his tariff speech at the White House and we would characterize this slate of tariffs as 'worse than the worst case scenario' the street was fearing."
Trump framed this step in his trade war as "liberation day" and claimed that the duties are "reciprocal," but economists pushed back. Justin Wolfers at the University of Michigan said: "Trump announces his tariffs, which are (somehow?) related to the trade barriers other countries are imposing on the U.S. But... THE NUMBERS HE'S PRESENTING BEAR NO RELATION TO REALITY. It would be absurd to call these reciprocal tariffs. They're grievances."
Groundwork Collaborative executive director Lindsay Owens
said in a statement that "Americans have one simple request of President Trump: lower prices. Instead of answering the call, he's taking a sledgehammer to the economy and pursuing unpopular, reckless trade policies that will do nothing to benefit workers and only serve to increase costs for consumers."
"But Trump doesn't care about what happens to working families, as long as his billionaire donors and advisers are happy," she continued. "Republicans are already
chomping at the bit to use any potential tariff revenue to fund their next massive billionaire tax break."
Kobie Christian, a spokesperson for the national campaign Unrig Our Economy, similarly concluded that "there is no other way to say it—this is an out-of-touch policy designed by a billionaire and for billionaires."
"Virtually no one will benefit from these Republican-backed tariffs—except for the ultrawealthy who will get yet another tax break, paid for by working families," Christian added. "Small business owners will be forced to raise their prices to keep their businesses afloat, and Americans will have to pay even more for everyday goods. These tariffs could even push the economy into a recession. American workers need lower costs, not more tariffs and billionaire handouts."
American Economic Liberties Project's Rethink Trade director, Lori Wallach, declared that "the businesses that profiteered from our old broken trade system should pay for the necessary transition to more balanced trade, not American workers and consumers. President Trump must take immediate action to stop corporations from using the pretext of these tariffs to price gouge the very Americans already slammed by decades of bad trade policy and corporate greed."
Wallach was among those who pointed out that tariffs can be a vital tool. She explained that "Trump's announcement goes much broader, but tariffs against mercantilist countries like China, Germany, Korea, Taiwan, and Japan to counter systemic trade abuses can help restore America's capacity to produce more of the critical products needed for American families to be healthy and safe and for our country to be more resilient and secure."
"But to deliver more American production and good jobs, the goal must be to balance trade, not equalize tariff rates, and tariffs must be consistent," she stressed. "Tariffs must be accompanied by other industrial policies like tax credits to build demand for U.S.-made goods, incentives for investment in new production capacity and bans on stock buybacks, and easier union formation so gains go to wages, not just profits."
The only thing being liberated today is money from the bank accounts of hard-working Americans.
— Robert Reich ( @rbreich.bsky.social) April 2, 2025 at 5:21 PM
Liz Shuler, president of the AFL-CIO, the nation's largest federation of unions, also said that "the strategic use of tariffs can be an effective tool to support our industries and protect jobs at home. But they must be accompanied by policies that invest in our manufacturing base and a strong commitment to promoting workers' fundamental right to organize trade unions and bargain collectively."
"Unfortunately, the Trump administration's attacks on trade union workers' rights at home, gutting of the government agency that works to discourage the outsourcing of American jobs, and efforts to erode critical investments in U.S. manufacturing take us backward," she asserted. "We will continue to fight for trade policy that prioritizes the interests of working people without causing unnecessary economic pain for America's working families."
Some congressional Democrats shared similar criticism. Michigan Congresswoman Debbie Dingell said that "when used strategically, tariffs are a critical tool to bring back jobs and support American workers and industries," but "I'm concerned about the chaotic and immediate implementation of these wide-reaching tariffs."
U.S. Rep. Jimmy Gomez (D-Calif.)
wrote on social media that "Trump's dumb tariffs are going to drive up costs for real working people. Like the dad who is trying to save money by fixing his car at home. Those parts from AutoZone are made somewhere else and the prices will go up!"
As the White House circulated a multipage sheet of targeted countries, Gomez and Rep. Sean Casten (D-Ill.) were among those who noticed that Russia—which is waging a yearslong war on Ukraine—is absent from the list.
Meanwhile, as critics including Aaron Reichlin-Melnick at the American Immigration Council highlighted, the list included the Australian territory of the Heard Island and McDonald Islands—even though the islands are "completely uninhabited."
"Population zero. I guess we're going to tariff the seagulls?" quipped Reichlin-Melnick. "It kind of feels like a White House intern went through Wikipedia's list of countries and just generated this list off of that with no further research."
Organizer Max Berger
wrote on Bluesky Wednesday, "I like how no one knows whether the president of the United States is going to tank the global economy because he's a fucking idiot—or if he's just doing a bit."
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Emails Show Trump Official Targeted Maine Social Security Services as Political Revenge
"Trump is clearly comfortable weaponizing Social Security for political purposes, and we fear that this is only the beginning," said one critic.
Apr 02, 2025
The top Democrat on the U.S. House Oversight Committee on Wednesday led calls for the resignation of acting Social Security Administration Commissioner Leland Dudek following the revelation of internal emails confirming that the SSA canceled contracts with the state of Maine as political payback after Democratic Gov. Janet Mills publicly defied President Donald Trump in support of transgender student athletes.
The emails—which were obtained by House Oversight Committee Ranking Member Gerry Connolly (D-Va.)—show that Dudek ordered the cancellation of enumeration at birth and electronic death registration contracts with Maine, even though SSAd subordinates warned that such action "would result in improper payments and potential for identity theft."
"These emails confirm that the Trump administration is intentionally creating waste and the opportunity for fraud."
Dudek—who is leading the SSA while the Senate considers Trump's nomination of financial services executive Frank Bisignano—replied to the staffer: "Please cancel the contracts. While our improper payments will go up, and fraudsters may compromise identities, no money will go from the public trust to a petulant child."
He was referring to Mills, who stood up to Trump in February after the president threatened to suspend federal funding for Maine unless the state banned transgender girls and women from participating on female scholastic sports teams.
The termination of the enumeration at birth contract briefly forced Maine parents to register their newborns for a Social Security number at a Social Security office, rather than checking a box on a form at the hospital as is customary, before the SSA reversed its decision.
Connolly sent Dudek a letter demanding that he "resign immediately" and submit to a transcribed interview with House Oversight Committee Democrats. Connolly wrote that Dudek "ordered these contracts terminated" as "direct retaliation" for Mills' defiance, "even though you knew that doing so would increase improper payments and create opportunities for fraudsters."
Government accountability advocates also condemned Dudek's actions.
"These emails confirm that the Trump administration is intentionally creating waste and the opportunity for fraud—in this case, to punish Maine Gov. Janet Mills for not bowing down to Donald Trump," Social Security Works president Nancy Altman told Common Dreams.
"The people actually punished by these actions were exhausted new parents in Maine, forced to drag their newborns to overcrowded Social Security offices in the middle of a measles outbreak," she continued. "Thankfully, the Trump administration had to quickly reverse course after massive public outrage. But Trump is clearly comfortable weaponizing Social Security for political purposes, and we fear that this is only the beginning."
"Once again, we see Team Trump resorting to revenge to set domestic policy."
Max Richtman, president and CEO of the National Committee to Preserve Social Security and Medicare, told Common Dreams that "it does not surprise us at all that this administration would weaponize Social Security against anyone who disagrees with or challenges President Trump."
"It's one of the concerns that we have with Elon Musk and [the Department of Government Efficiency] having access to everyone's personal data without any defensible explanation for why they need it," he continued. "We and the American people have legitimate worries, not only that this information will be vulnerable to hackers, but also that it could intentionally be misused as a weapon against anyone who publicly disagrees with Trump."
"The fact that the acting commissioner himself publicly admitted that he didn't really understand the Maine contract, but canceled it anyway, proves that this administration is making reckless changes that affect real people for no legitimate reason," Richtman added. "Once again, we see Team Trump resorting to revenge to set domestic policy."
The revelation of Dudek's emails comes amid SSA turmoil caused by the termination of thousands of agency personnel in what Trump, Musk, and other Republicans claim is an effort to reduce waste and fraud. Musk—who recently referred to Social Security as the the "biggest Ponzi scheme of all time"—has proposed the elimination of up to 50% of SSA's workforce and has said that up to $700 billion could be cut from programs including Social Security, Medicare, and Medicaid.
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