"New liquefied natural gas projects could produce 10 gigatonnes of emissions by the end of the decade, close to the annual emissions of all coal plants"

"A $200bn wave of new gas projects could lead to a “climate bomb” equivalent to releasing the annual emissions of all the world’s operating coal power plants, according to a report.

Large banks have invested $213bn into plans to build terminals that export and import gas that is chilled and shipped on ocean tankers. But a report has warned that they could be more damaging than coal power.

The report, by the climate group Reclaim Finance, found a sharp rise in projects to boost the global trade of gas in recent years, driven by a shift from coal to gas in developing countries and Russia’s war on Ukraine, which caused pipeline imports into Europe to dry up."

The Guardian had the story December 5, 2024. [2]