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"What we found was crystal clear—any further investment in LNG is not compatible with a livable climate."
As U.S. President Donald Trump ramps up fossil fuel production under his "drill, baby, drill" energy policy, a report published Wednesday highlights the climate and financial harms posed by new liquefied natural gas export projects—all of which fail a "climate test" that the Department of Energy issued during the Biden administration.
The report—published by Greenpeace USA, Earthworks, and Oil Change International—examines five major U.S. LNG projects: Venture Global CP2, Cameron LNG Phase II, Sabine Pass Stage V, Cheniere Corpus Christi LNG Midscale 8-9, and Freeport LNG Expansion.
Instead of giving into Trump’s pressure to import + finance more LNG, leaders must invest in a just transition to renewable energy that will protect our communities from deadly pollution and climate disasters. Learn more: www.greenpeace.org/usa/failing-...
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— Oil Change International (@oilchange.bsky.social) July 9, 2025 at 6:57 AM
All but one of the projects is awaiting a final investment decision. None passes a "climate test" derived from the Department of Energy's (DOE) December 2024 LNG export public interest studies, as they all would result in a net increase in global greenhouse gas (GHG) emissions regardless of sustainability measures including supply basin switching, LNG terminal methane abatement, and powering liquefaction with renewable electricity.
"Increasing LNG exports from the Gulf Coast would still lead to global GHG emissions increases above the level consistent with the DOE's most stringent climate mitigation scenario," the report states. Data suggests "no realistic mitigation can make U.S. LNG exports aligned with limiting warming to 1.5ºC," the more ambitious goal of the Paris climate agreement. Trump has twice withdrawn the United States from the landmark accord.
"What we found was crystal clear—any further investment in LNG is not compatible with a livable climate," Greenpeace USA senior research specialist Andres Chang, the report's lead author, said in a statement.
"The massive growth in infrastructure along the Texas and Louisiana Gulf Coast has already created significant public health and ecosystem impacts, threatening entire coastal communities," Chang added. "But it doesn't stop there. This report shows that if built, these projects would put global climate goals even further out of reach."
"No realistic mitigation can make U.S. LNG exports aligned with limiting warming to 1.5ºC."
The United States is the world's leading natural gas producer and LNG exporter. While the fossil fuel industry often calls LNG a "bridge fuel"—a cleaner alternative to coal that will ease the transition to sustainable energy sources—critics have warned that the fossil gas actually hampers the transition to a green economy. LNG is mostly composed of methane, which has more than 80 times the planetary heating power of carbon dioxide during its first two decades in the atmosphere.
Despite his own DOE's acknowledgment that approving more LNG exports would raise domestic energy prices, increase pollution, and exacerbate the climate crisis, former President Joe Biden oversaw what climate campaigners called a "staggering" LNG expansion, including Venture Global's Calcasieu Pass 2 export terminal in Cameron Parish, Louisiana and more than a dozen other projects.
Trump—who during his 2024 campaign vowed to "frack, frack, frack; and drill, baby, drill" as fossil fuel interests poured $75 million into his campaign coffers—is planning to increase LNG exports even more, in part by invoking his bogus "energy emergency" to fast-track polluting projects.
A report published in January by Friends of the Earth and Public Citizen examined 14 proposed LNG export terminals that the Trump administration sought to fast-track and found they would create 510 million metric tons of climate pollution—equivalent to the annual emissions of 135 new coal plants.
Oil Change International noted Wednesday that "future administrations could revoke export authorizations that were rubber-stamped under Trump based on their failure to pass the DOE 'climate test,' which introduces a new layer of uncertainty to these already-risky projects."
The report also underscores that while the DOE climate test "is a major improvement upon previous federal analyses," its methodology "still fails to sufficiently account for emissions from large, accidental releases (such as 'super-emitter' events), equipment malfunction, and malpractice."
"High rates of methane emissions during the ocean transport stage of the LNG supply chain are also not represented," the report adds. "Incorporating measurement-based data and more realistic assumptions would make clearer the immense climate impact of building new liquefied gas infrastructure, especially in the near-term."
The report's authors call on the DOE to invoke the "climate test" to reject pending and future LNG export applications and exercise its authority under the Natural Gas Act "to reevaluate the public interest status of LNG projects that received authorizations without consideration of climate impacts or under analyses that predate the 2024 LNG Study."
The publication also calls on Congress to pass legislation "that makes it a statutory requirement under the Natural Gas Act to assess the climate impact of gas exports and reject applications that would increase global GHG emissions under a credible scenario to limit warming to 1.5ºC."
"Additionally, U.S. federal agencies should require all new proposed fossil fuel production and infrastructure projects to meet a similarly high standard under the National Environmental Policy Act," the report asserts.
"Energy purchasers, financial institutions, and foreign governments should refrain from entering into long-term offtake agreements for U.S. LNG and financing of LNG infrastructure," the authors wrote. "Instead, these parties should prioritize measures that accelerate the renewable energy transition and plan for a managed phase-out of fossil fuels. Group of Seven nations, in particular, should abide by their 2022 commitment to stop financing overseas fossil fuel infrastructure with taxpayer money."
James Hiatt, founder and director of the Lake Charles, Louisiana-based advocacy group For a Better Bayou, said Wednesday that "fossil fuel dependency has long externalized its true costs, forcing communities to bear the burden of pollution, sickness, and economic instability."
"For decades the oil and gas industry has known about the devastating health and climate impacts of its operations, yet it continues to expand, backed by billions in private and public financing," Hiatt continued. "These harms are not isolated—they're systemic, and they threaten all of us."
"This report is a call to conscience," he added. "It's time we stop propping up deadly false solutions and start investing in a transition to energy systems that sustain life, not sacrifice it."
Now is the time to make our voices heard before the haze, smog, and soot choke the sky for good and while there is still time remaining for the Biden administration to reject the many LNG export applications in the queue.
No one likes bad air days. Days when the air smells wrong; the sky is choked with haze, smog, soot; and the weather report has to invent new shades of purple to warn us to stay inside. But what people might not know is that bad air is literally killing us and making us less healthy.
And the build out of liquefied “natural” gas (LNG) export terminals along the Texas and Louisiana coast is making it worse.
A large percentage of U.S. “natural” gas production, which is just fracked methane gas, isn’t used here at home, but now gets shipped directly overseas. The terminals where this gas is turned into a liquid and loaded onto massive tankers emit all sorts of harmful air pollution. These facilities have a permit to pollute, but a recent report shows that just because the government signs off on something doesn’t mean it won’t kill you.
Maybe the most frustrating part of this whole story is that Texas and Louisiana taxpayers are footing the bill for all this suffering.
Seven of the currently operating LNG export terminals are estimated to cause 60 premature deaths every year due to flaring and other emissions. And there are many, many more such terminals in the planning stages looking to become operational within the decade, potentially upping that number to almost 150 premature deaths per year. The “soot” and “smog” that form from the resulting particulate matter and ozone also cause a range of other health problems, including asthma, and lead to people having to miss school and work, and cost us health impacts worth billions of dollars.
These LNG terminals plan to operate for decades to come, and if you add up the health impacts over time it amounts to over 4,000 deaths by 2050. The coastal communities that live in the shadow of these massive facilities face the highest per capita health impacts, but particulate matter and ozone don’t stay confined near their source. They are regional pollutants that can travel hundreds of miles and still cause harm.
As we speak, Harris County, Texas, home to Houston; and Calcasieu Parish, Louisiana are estimated to suffer the most deaths due to LNG terminal air pollution. Dallas County is No. 3, even though it is 250 miles from the nearest LNG terminal.
This report only looks at LNG terminals, but the dirty secret is that many places in Texas and Louisiana are already over-polluted. Oil refineries, petrochemical plants, coal plants, and more are already contributing to air pollution and health harms in the region. This frenzy to export methane gas is only pouring new pollution on top of old.
In Southwest Louisiana, decades of toxic emissions from refineries and petrochemical plants have polluted the air and contaminated the upper Calcasieu River, leading to a seafood advisory, limiting the amount of fish locals can eat. LNG export facilities have expanded this industrial air pollution to communities that had never faced these issues before. Now, residents frequently hear warning alarms and witness massive flares spewing black smoke into the sky. Many in the community report symptoms such as frequent headaches and worsening respiratory problems, clear signs of the harmful impact this pollution is having on their health.
For generations, fishermen in Cameron Parish, Louisiana have depended on the bounty of the estuaries and wetlands, providing for their families and communities. These waters were once an integral part of the local culture and economy, passed down from father to son. After rebuilding through storm after storm, these same families now face a new challenge—being displaced by a multi-billion-dollar industry that not only pollutes their environment but jeopardizes their ability to sustain themselves from it. The risks that coastal communities face like coastal erosion and extreme weather are worsened by the climate crisis, which the LNG industry ironically helps fuel.
Maybe the most frustrating part of this whole story is that Texas and Louisiana taxpayers are footing the bill for all this suffering. Another report from late last year showed how several of these LNG companies have received tax handouts in the billions of dollars, taking money away from needed resources like health and safety services. All this on the promise of good paying jobs to local folks that never materialize. And what’s more, every tanker of LNG that gets shipped overseas raises energy prices here at home.
Talk about a raw deal.
But after nearly a decade of rubber stamping these terminals, the federal government just took a closer look.The U.S. Department of Energy, who authorizes LNG for export, just updated its studies used to determine whether LNG exports actually serve the public interest. The studies conclude that LNG exports raise energy prices, inflame climate change, sabotage the clean energy transition, and cause harm to our local communities.
The incoming presidential administration may try to ignore the evidence. To expect them to choose what’s right for Texas and Louisiana—let’s just say, unfortunately, we won’t be holding our breath.
Now is the time to make our voices heard before the haze, smog, and soot choke the sky for good and while there are still a few days remaining that the Biden administration can reject the many LNG export applications in the queue. We all need to act now to protect the air in Louisiana and Texas, and everyone from the worst of the climate crisis.
"Banks and investors can still act to put an end to the unrestrained support they offer to the companies responsible for LNG expansion," the authors of a new report said.
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.
A new report published by Reclaim Finance on Thursday calculates that, between 2021 and 2023, 400 banks put $213 billion toward LNG expansion and 400 investors funded the buildout with $252 billion as of May 2024.
"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," Reclaim Finance campaigner Justine Duclos-Gonda said in a statement. "Banks and investors claim to be supporting oil and gas companies in the transition, but instead they are investing billions of dollars in future climate bombs."
"While banks will secure their profits, it's at the expense of frontline communities who often will not be able to get their livelihoods, health, or loved ones back."
The International Energy Agency has concluded since 2022 that no new LNG export developments are required to meet energy demand while limiting global temperatures to 1.5°C above preindustrial levels. Despite this, LNG developers have upped export capacity by 7% and import capacity by 19% in the last two years alone, according to Reclaim Finance. By the end of the decade, they are planning an additional 156 terminals: 93 for imports and 63 for exports.
Those 63 export terminals, if built, could alone release 10 metric gigatons of greenhouse gas emissions—nearly as much as all currently operating coal plants release in a year. What's more, building more LNG infrastructure undermines the green transition.
"Each new LNG project is a stumbling block to the Paris agreement and will lock in long-term dependence on fossil fuels, hampering the shift toward low-carbon economies," the report authors explained.
Many large banks have pledged to reach net-zero emissions, yet they are still financing the LNG boom. U.S. banks are especially responsible, Reclaim Finance found, funding nearly a quarter of the buildout, followed by Japanese banks at around 14%.
The top 10 banks funding LNG expansion are:
While 26 of the banks on the report's list of top 30 LNG financiers have made 2050 net-zero commitments, none of them have adopted a policy to stop funding LNG projects. None of top 10 banks have any LNG policy at all, despite the fact that Bank of America and Morgan Stanley helped found the Net Zero Banking Alliance. Instead of winding down financing, these banks are winding it up, as LNG funding increased by 25% from 2021 to 2023. In 2023 alone, 1,453 transactions were made between banks and LNG developers.
All of this funding comes despite not only climate risks, but also the local dangers posed by LNG export terminals to frontline communities. Venture Global's Calcasieu Pass LNG, for example, has harmed health through excessive air pollution while dredging and tanker traffic has disturbed ecosystems and the livelihoods of fishers.
"Banks still financing LNG export terminals and companies are focused on short-term profits and cashing in on the situation before global LNG oversupply kicks in. On the demand side, financing LNG import terminals delays the much-needed just transition," said Rieke Butijn, a climate campaigner and researcher at BankTrack. "While banks will secure their profits, it's at the expense of frontline communities who often will not be able to get their livelihoods, health, or loved ones back. People from the U.S. Gulf South to Mozambique and the Philippines are rising up against LNG, and banks need to listen."
The report also looked at major investors in the LNG boom. Here too, the U.S. led the way, contributing 71% of the total backing.
The top 10 LNG investors are:
Just three of these entities—BlackRock, Vanguard, and State Street—contributed 24% of all investments.
Reclaim Finance noted that it is not too late to defuse the LNG carbon bomb.
"Nearly three-quarters of future LNG export and import capacity has yet to be constructed," the report authors wrote. "This means that banks and investors can still act to put an end to the unrestrained support they offer to the companies responsible for LNG expansion."
To this end, Reclaim Finance recommended that banks establish policies to end all financial services to new or expanding LNG facilities and to end corporate financing to companies that develop new LNG export infrastructure. Investors, meanwhile, should set an expectation that any developers in their portfolios stop expansion plans and should not make new investments in companies that continue to develop LNG export facilities. Both banks and investors should make clear to LNG import developers that they must have a plan to transition away from fossil fuels consistent with the 1.5°C goal.
"LNG is a fossil fuel, and new projects have no part to play in a sustainable transition," Duclos-Gonda said. "Banks and investors must take responsibility and stop supporting LNG developers and new terminals immediately."