Gaz gelé, planète en ébullition : comment le soutien des banques et des investisseurs au GNL alimente une catastrophe climatique

Report an error

Summary

AI-generated

This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.

Learn more about AI enrichment

Reclaim Finance identifies banks and investors funding the expansion of LNG terminals, noting that 400 banks provided $213 billion and 400 investors held $252 billion in exposure between 2021 and May 2024. The report highlights that US and Japanese banks, as well as major US asset managers like BlackRock, Vanguard, and State Street, are primary drivers of this growth, which contradicts IEA Net Zero scenarios.

Key insights

AI-generated

These insights are written by a language model reading the source document. They are not the publisher's words and are not a substitute for the original.

Learn more about AI enrichment
  • LNG developers plan a significant expansion with 156 new terminals by 2030, including 63 export terminals that could emit approximately 10 gigatonnes of greenhouse gases by the end of the decade.
  • Between 2021 and 2023, 400 analyzed banks provided $213 billion for LNG expansion, with funding increasing by 25% during this period. US and Japanese banks are leading this trend, specifically Mitsubishi UFJ Financial Group, JP Morgan, SMBC, and Bank of America. European banks, including Santander, ING, Crédit Agricole, HSBC, Intesa Sanpaolo, and BPCE, account for over 25% of the support.
  • As of May 2024, US investors represent 71% of total investment in LNG expansion, with BlackRock, Vanguard, and State Street alone accounting for 24% of all such investments. Despite climate commitments, none of the top 30 banks or top 30 investors have ended financial services contributing to LNG expansion, and only seven European banks include LNG in their sector policies, though none do so effectively.

Cite the original document

APA
Martin, L. (2024). Gaz gelé, planète en ébullition : comment le soutien des banques et des investisseurs au GNL alimente une catastrophe climatique. Reclaim Finance. https://reclaimfinance.org/site/2024/12/05/gaz-gele-planete-en-ebullition-comment-le-soutien-des-banques-et-des-investisseurs-au-gnl-alimente-une-catastrophe-climatique/
Chicago
Martin, Léo. Gaz gelé, planète en ébullition : comment le soutien des banques et des investisseurs au GNL alimente une catastrophe climatique. Reclaim Finance, 2024. https://reclaimfinance.org/site/2024/12/05/gaz-gele-planete-en-ebullition-comment-le-soutien-des-banques-et-des-investisseurs-au-gnl-alimente-une-catastrophe-climatique/.
Wikipedia
{{cite report |last1=Martin |first1=Léo |title=Gaz gelé, planète en ébullition : comment le soutien des banques et des investisseurs au GNL alimente une catastrophe climatique |publisher=Reclaim Finance |date=4 December 2024 |url=https://reclaimfinance.org/site/2024/12/05/gaz-gele-planete-en-ebullition-comment-le-soutien-des-banques-et-des-investisseurs-au-gnl-alimente-une-catastrophe-climatique/ |access-date=23 October 2026 |via=Climate Insights Directory}}
BibTeX
@techreport{martin2024gaz, author = {Martin, Léo}, title = {{Gaz gelé, planète en ébullition : comment le soutien des banques et des investisseurs au GNL alimente une catastrophe climatique}}, institution = {Reclaim Finance}, year = {2024}, month = dec, url = {https://reclaimfinance.org/site/2024/12/05/gaz-gele-planete-en-ebullition-comment-le-soutien-des-banques-et-des-investisseurs-au-gnl-alimente-une-catastrophe-climatique/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }

Full text

Collected · Record updated