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The document details the hazards of offshore oil and gas transportation, highlighting that 40 percent of maritime trade involves fossil fuels. It argues that the expansion of this sector, particularly liquefied natural gas (LNG), increases greenhouse gas emissions, the risk of catastrophic oil spills, and the spread of invasive species. The report emphasizes that climate change creates a feedback loop, where extreme weather and sea-level rise heighten the likelihood of infrastructure failure and subsequent ecological disasters.

The fact sheet details the severe environmental and humanitarian impacts of the conflict in Gaza, including the destruction of water, energy, and agricultural infrastructure. It identifies specific global arms manufacturers, fossil fuel companies, and financial institutions that support the Israeli military and economy, linking these actors to both 'climate crimes' and the ongoing crisis in Palestine.

The document analyzes several executive actions from January 2025, highlighting a shift toward increased fossil fuel production, the suspension of offshore wind leasing, and the removal of environmental regulations. It emphasizes the disproportionate negative impacts these policies may have on Latino/a/e communities, specifically regarding public health, water equity, and clean energy employment.

The document details a series of executive orders and memorandums aimed at increasing fossil fuel production, reducing environmental regulations, and restricting water conservation and diversity initiatives. It highlights the disproportionate risks these actions pose to Latino populations, including increased exposure to pollution, loss of green jobs, and exclusion from disaster relief.

The document argues that financial institutions should cease support for the Mozambique LNG project due to severe human rights violations, political instability, and resettlement failures. It highlights reports of a 2021 massacre of civilians by security forces linked to the project and describes a climate of state repression and electoral violence in Mozambique. The authors call for an independent international investigation by bodies such as the OHCHR and demand that financiers withhold further funding until accountability is established.

The report identifies a massive boom in LNG infrastructure, with 156 new terminals planned by 2030, supported by hundreds of billions of dollars from global banks and investors. Despite IEA guidance that new export terminals are unnecessary for net zero, financing has increased, led primarily by US and Japanese banks and US-based investors, with almost no financial institutions effectively restricting services for LNG expansion.

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.

The report exposes how 400 banks and 400 investors provided billions in support for LNG expansion between 2021 and 2024, despite IEA warnings that no new export facilities are necessary for a 1.5C pathway. It highlights a significant gap between the net-zero pledges of financial institutions and their actual lending and investment practices, noting that most top funders lack effective LNG-specific policies. The document details the climate risks of methane leakage and the social impacts of LNG projects, while calling for a complete end to financial services for new LNG export and import terminals.

The report finds that Canadian financial institutions are major global contributors to LNG expansion, with nine banks providing US$16.7 billion and 21 investors holding US$15.8 billion in LNG assets between 2021 and May 2024. Despite commitments to a 1.5°C pathway, major banks like RBC and Scotiabank have increased their financing for LNG export development. The document highlights the climate risks of this expansion, including methane leakage and the potential for stranded assets, particularly in Europe. It calls for an immediate end to financial services for new LNG projects and the adoption of transition plans aligned with the IEA's Net Zero Emissions by 2050 scenario.

The briefing reveals that German financial institutions continue to pour billions into LNG expansion despite climate pledges. Between 2021 and 2023, nine German banks provided US$7.6 billion in financing, with Deutsche Bank and LBBW accounting for 65% of this total. Additionally, eight German investors held US$5.8 billion in assets of top LNG developers as of May 2024, led by Allianz and Deutsche Bank/DWS. The report highlights a significant gap between these institutions' net-zero commitments and their actual financial activities, noting that Deutsche Bank's financing to LNG expansion rose by 35% between 2021 and 2023. Reclaim Finance argues that this infrastructure locks in long-term fossil fuel dependence and risks creating stranded assets, especially in Europe where gas consumption is declining.

The report examines the role of Italian financial institutions in funding the global expansion of liquefied natural gas (LNG). It finds that between 2021 and 2023, 12 Italian banks provided US$6 billion to the top 150 LNG developers, with Intesa Sanpaolo and UniCredit accounting for over 85% of this total. The document highlights a gap between these banks' net-zero pledges and their continued financing of LNG projects, including support for Eni and Enel. It warns that this support risks creating stranded assets and locking in long-term fossil fuel reliance, particularly in Europe where gas consumption is declining.

The report finds that Japanese financial institutions are among the world's largest supporters of LNG expansion, providing billions in financing despite public commitments to carbon neutrality. It highlights a significant gap between these climate pledges and actual financial flows, particularly from four major banks and the Government Pension Investment Fund (GPIF). The document argues that this support locks in long-term fossil fuel dependence and risks creating stranded assets, especially in Europe and South Korea where gas demand is declining.

The report details how 18 South Korean investment banking institutions provided US$7.4 billion to LNG expansion between 2021 and 2023. It specifically highlights DB Financial, Kyobo Life Insurance, and KDB Financial Group as the primary contributors, accounting for 44% of this total. The document argues that this support fuels a climate disaster by locking in long-term fossil fuel dependence and increasing the risk of stranded assets, particularly through the financing of the Korea Gas Corporation (KOGAS).

The report finds that US financial institutions are primary drivers of global LNG expansion, providing billions in financing and investments despite climate pledges. Between 2021 and 2023, 85 US banks provided US$51.2 billion to LNG expansion, with six major banks accounting for 80% of this total. US investors held US$179.6 billion in assets of top LNG developers as of May 2024. The document highlights a significant gap between these institutions' net-zero commitments and their actual policies, which lack restrictions on LNG. It warns that new LNG infrastructure risks creating stranded assets, particularly in Europe, and contributes to substantial greenhouse gas emissions, including high levels of methane leakage from US shale gas fields.

The report finds that French financial institutions are among the top global supporters of LNG expansion, with four banks providing nearly all of the US$14 billion in financing between 2021 and 2023. It highlights a significant gap between these institutions' net-zero pledges and their continued funding of LNG export and import terminals, including support for TotalEnergies. The document argues that current sector policies are insufficient due to loopholes regarding corporate financing and import terminals, and calls for a comprehensive end to financial services for new LNG projects.

The 2024 Scorecard by Insure Our Future argues that the global insurance industry is in a 'vicious cycle,' where it continues to underwrite fossil fuel expansion while simultaneously withdrawing coverage from communities facing the resulting climate risks. Using climate attribution science, the report estimates that over one-third of weather-related insured losses between 2002 and 2022—approximately $600 billion—are attributable to human-caused climate change. The analysis reveals a stark mismatch in underwriting, with renewable energy premiums representing less than 30% of the size of the fossil fuel insurance market in 2023. For 15 of the 28 major property and casualty insurers analyzed, estimated climate-attributable losses exceeded the premiums they collected from fossil fuel clients. While Generali is noted as the first insurer to restrict oil and gas expansion across the entire value chain, the report concludes that voluntary corporate leadership has stalled, necessitating urgent regulatory intervention to mandate 1.5°C-aligned transition plans and higher capital requirements for fossil fuel exposure.

The report argues that European oil and gas companies are pursuing LNG projects in Africa that expose host countries to significant financial and environmental risks. Due to delayed revenue-sharing structures and a predicted global LNG supply glut by the 2030s, African states face the prospect of stranded assets and debt traps. The document highlights a contradiction between Europe's domestic decarbonization goals and its promotion of fossil fuel infrastructure in Africa, while noting that high breakeven costs make African producers particularly vulnerable to price competition.

The document challenges six common arguments used to justify financial support for gas expansion, asserting that new gas projects are incompatible with a 1.5°C warming limit and that global gas demand will peak by 2030.

The report finds that the 20 largest European banks provided US$200.3 billion to companies expanding upstream and midstream oil and gas between 2021 and 2023, with Barclays and HSBC as the largest supporters. Despite net zero pledges, most banks lack robust policies to end corporate financing for fossil fuel expansion, and financing to diversified oil and gas companies remains overwhelmingly directed toward fossil fuel activities rather than sustainable transitions.

The Latin America and Caribbean (LAC) region is planning an estimated US$123.6 billion in new LNG infrastructure, primarily concentrated in Mexico, Argentina, and Brazil. Mexico has the world's third-largest planned LNG export buildout at 73.6 mtpa, largely intended to export U.S. gas from the Permian Basin. Argentina is proposing the 30 mtpa Argentina GNL Terminal to export gas from the Vaca Muerta shale basin, a project described as a "carbon bomb." Brazil is pursuing the world's fourth-largest LNG import expansion at 36.5 mtpa to reduce reliance on Bolivian gas and mitigate hydropower instability during droughts. These developments risk creating stranded assets and locking the region into gas dependence, contradicting IEA recommendations that the LNG trade peak this decade to limit warming to 1.5“. The report argues that the region's abundant renewable resources offer a more sustainable alternative to fossil fuel volatility.