1 point

@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

permalink
report
reply

Aussie Enviro

!environment@aussie.zone

Create post

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

  • Golden rule - be nice. If you wouldn’t say it in front of your grandmother favourite tree, don’t post it.
  • No bigotry - including racism, sexism, ableism, homophobia, transphobia, or xenophobia. You are allowed to denigrate invasive plants or animals.
  • Be respectful. Everyone should feel welcome here. Except invasive plants or animals.
  • No porn. Except photos of plants. Definitely not animals.
  • No Ads / Spamming. Except for photos or stories about plants and animals.
  • Nothing illegal in Australia. Like invasive plants or animals. Exotic microbes and invasive fungi also not welcome.
  • Make post titles descriptive with no swear words. Comments are a free for all using the above rules as a guide. Fuck invasive plants and animals.

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.

Community stats

  • 356

    Monthly active users

  • 84

    Posts

  • 120

    Comments