Lending to LNG
Australia wants to take over from Qatar as the world’s biggest producer of liquefied natural gas (LNG). If that happens, it would mean a $200 billion expansion of the fossil fuel industry and an increase in greenhouse gas emissions that rivals that of the Galilee coal basin being opened up.
Far from being a ‘safe’ option, LNG has an enormous emissions profile across its lifecycle, and these huge new projects will require supply from dangerous unconventional sources such as coal seam gas.
Top lenders to LNG in Australia 2008-2016
Is your bank on the list?
Tell them if they continue to choose fossil fuels, you’ll choose a new bank.