Jeremy Symons @jeremysymons.bsky.social · 17/12/2024Energy Secretary Granholm is finishing strong at DOE. She asked questions about #LNG that the industry didn't want asked, and the facts are in. Here are some notable excerpts of what Granholm said today in a statement on the new DOE LNG studies... 126619
Jeremy Symons @jeremysymons.bsky.social · 17/12/2024Also, according to the DOE study, expanded LNG exports could cause up to $500 billion in climate damages. "The cumulative social cost of [GHGs] of the increase in global emissions across the study scenarios ranges from ... $13 billion to $500 billion" (2022$) 020
Jeremy Symons @jeremysymons.bsky.social · 17/12/2024"Special scrutiny needs to be applied toward very large LNG projects. An LNG project exporting 4 billion cubic feet per day–considering its direct life cycle emissions– would yield more annual greenhouse gas emissions by itself than 141 of the world’s countries each did in 2023." 211
Jeremy Symons @jeremysymons.bsky.social · 17/12/2024More on climate: "While some tout LNG as a means to reduce the use of coal overseas (and to date that has been the case with some importing countries), the study put forward today shows a world in which additional U.S. LNG exports displace more renewables than coal globally." 031
Jeremy Symons @jeremysymons.bsky.social · 17/12/2024more on security: "the People’s Republic of China is already the world’s largest importer. Looking ahead China's LNG exports are expected to nearly double between now and 2030.... PRC entities have already signed several contracts with operating or proposed U.S. LNG projects." 020
Jeremy Symons @jeremysymons.bsky.social · 17/12/2024On security: "European demand for natural gas has flattened and is set to decline substantially in line with Europe’s efforts to reduce its climate footprint. LNG demand has already peaked in Japan, and growth is expected to flatten in South Korea by 2030."...[More] 020
Jeremy Symons @jeremysymons.bsky.social · 17/12/2024On environmental justice: "Pollutants such as methane, ...and others lead to higher mortality rates in communities where oil & gas are extracted & processed–a problem that, absent regulatory intervention, will only get worse, if volumes of LNG exports continue to dramatically increase." 040
Jeremy Symons @jeremysymons.bsky.social · 17/12/2024On Economics: "DOE analysis exposes a triple-cost increase to U.S. consumers from increasing LNG exports – the increasing domestic price of the natural gas itself, increases in electricity prices..., & the increased costs for consumers from the pass-through of higher costs to US manufacturers" 041
Jeremy Symons @jeremysymons.bsky.social · 17/12/2024On climate change: "in every scenario, increases in LNG exports would lead to increases in global net emissions" 062
