this post was submitted on 27 Nov 2023
0 points (NaN% liked)

Aussie Enviro

889 readers
1 users here now

An Australian community for everything from your backyard to beyond the black stump.

Topics may include Aussie plants and animals, environmental, farming, energy, and climate news and stories (mostly Aus specific), etc. New related communities will be split off when required, think like subcommunities that exist on that other platform.

Trigger Warning: Community contains mostly bad environmental news (not by choice!). Community may also feature stories about animal agriculture and/or meat. Until tagging is available, please be aware and click accordingly.

Banner Credit: https://www.flickr.com/photos/takver/14871864504/

Aussie Zone Rules

Server Info

/c/Aussie Environment acknowledges the Traditional Owners of the land, sea and waters, of the area that we live and work on across Australia. We acknowledge their continuing connection to their culture and pay our respects to their Elders past and present.

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] ajsadauskas@aus.social 1 points 9 months ago

@vividspecter Here's the key details from the article: "The Australasian Centre for Corporate Responsibility (ACCR) today released financial modelling that shows Australia’s LNG projects did not generate value for shareholders.

"The report, “Australia’s LNG growth wave – did it wash for shareholders?” analysed returns from Woodside’s Pluto project, Chevron’s Gorgon and Wheatstone projects, the three east coast LNG plants supplied by coal seam gas, Inpex’s Ichthys project and Shell’s Prelude.

"It found these projects collectively eroded $US19 billion of shareholder value by requiring extra investment for running 35 per cent over budget and behind schedule, according to data from Rystad."

https://reneweconomy.com.au/case-for-gas-as-transition-fuel-falling-apart-on-both-economic-and-environmental-costs/

#ClimateChange #Climate #Green #Business #AusPol #Aus #Politics #Environment #Gas