Call to stop covering Venture Global and its Calcasieu Pass 2 LNG project

Reclaim Finance calls on AXA to cease insurance coverage for Venture Global's Calcasieu Pass 2 LNG project after dredging activities caused sediment overflow that damaged public wetlands and fisheries in Cameron, Louisiana, impacting local commercial fishing livelihoods.

• Venture Global's dredging activities for the Calcasieu Pass 2 LNG (CP2) terminal in Cameron, Louisiana, resulted in dredging mud and sediment overflowing into public wetlands and fisheries.
• The sediment overflow occurred around August 4th, burying fishing grounds in sludge just before the shrimping season, which harmed the livelihoods and projected catches of small-scale commercial fishermen.
• A study by the Louisiana Department of Fish and Wildlife (LDFW) confirmed that sediment entered the Calcasieu Lake fishery, contradicting claims made by Venture Global.
• The project poses financial and reputational risks to insurers like AXA due to potential clean-up costs under the Clean Water Act, legal actions, and demands for compensation from fishing families.
• The environmental impact may extend to protected areas, specifically the Cameron Prairie Wildlife Refuge, which is an IUCN category IV site.

APA

Le Bourdonnec, A. (2025). Call to stop covering Venture Global and its Calcasieu Pass 2 LNG project. Reclaim Finance. https://reclaimfinance.org/site/wp-content/uploads/2025/11/Call-to-stop-covering-Venture-Global-and-its-Calcasieu-Pass-2-LNG-project.pdf

Chicago

Le Bourdonnec, Ariel. Call to stop covering Venture Global and its Calcasieu Pass 2 LNG project. Reclaim Finance, 2025. https://reclaimfinance.org/site/wp-content/uploads/2025/11/Call-to-stop-covering-Venture-Global-and-its-Calcasieu-Pass-2-LNG-project.pdf.

Wikipedia

{{cite press release |last1=Le Bourdonnec |first1=Ariel |title=Call to stop covering Venture Global and its Calcasieu Pass 2 LNG project |publisher=Reclaim Finance |date=22 September 2025 |url=https://reclaimfinance.org/site/wp-content/uploads/2025/11/Call-to-stop-covering-Venture-Global-and-its-Calcasieu-Pass-2-LNG-project.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{lebourdonnec2025call, author = {Le Bourdonnec, Ariel}, title = {{Call to stop covering Venture Global and its Calcasieu Pass 2 LNG project}}, publisher = {Reclaim Finance}, year = {2025}, month = sep, url = {https://reclaimfinance.org/site/wp-content/uploads/2025/11/Call-to-stop-covering-Venture-Global-and-its-Calcasieu-Pass-2-LNG-project.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }