FINANCIAL RISKS
Investing in LNG terminals incurs reputational damage:
All LNG export facilities, would pose an immediate danger to the surrounding community. These terminals flare and vent noxious chemicals into the air, pollute nearby water sources, and can cause deadly accidents. To liquefy natural gas, export terminals use dangerous hydrocarbons such as propane, ethylene, butane, and pentane. These chemicals are extremely flammable, and have the potential to explode, putting workers and nearby communities at risk.
For all of these reasons, frontline communities and environmental justice advocates are bringing increased public scrutiny and opposition to LNG export proposals. In November 2023, community leaders delivered more than 200,000 petitions to the Department of Energy headquarters demanding they reject CP2 LNG, as well as all other LNG terminals.
Exporting gas is a losing bet in a world transitioning to clean and cheaper renewable energy, leaving behind expensive pipelines and terminals.
