"The LNG industry frames itself as a tool of foreign policy and a climate solution. Canary Media digs into the details."
"American liquefied natural gas exports surged from basically nothing just eight years ago to a formidable force reshaping domestic and global politics. Now, thanks to the Biden administration’s recent pause on approvals of new LNG projects, it’s become the hottest topic in U.S. energy news. It’s also one of the most confusing.
Different interest groups promote wildly divergent ideas about the impacts of LNG at home and abroad. It’s harming American consumers, or it’s not. It’s a wildly destructive “carbon bomb,” or it’s helping the climate by displacing dirtier power plants overseas. Europe gets enough U.S. gas to be secure, or it desperately needs more LNG flowing from the United States.
LNG is, at core, a profit-making venture carried out by a handful of large companies and their financiers. These corporations don’t get graded on how well they bolster American allies or obviate the need for new coal plants, yet those outcomes loom large in the rhetorical arguments made on behalf of this young industry.
Canary Media recently published a deep dive into the controversies swirling around LNG. Now the Biden administration’s pause, which could last through the upcoming presidential election, has kicked up a whole new flurry of discussion. We scoured the available evidence to stress-test the most prominent claims being made about LNG and clarify what’s credible, what’s contested and what looks dubious."
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