this post was submitted on 27 Nov 2023
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[–] [email protected] -2 points 11 months ago (1 children)

@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

[–] [email protected] -1 points 11 months ago (2 children)

You're a fucking climate change denier. Stop bullshitting the rest of us.

[–] [email protected] 3 points 11 months ago (1 children)

Doesn't this article highlight fossil fuel gas projects as economically flawed? How is this climate change denying?

[–] OneOrTheOtherDontAskMe 3 points 11 months ago

Yeah I'm lost, just read through and I'm not sure how this guy is a climate denier based on his summary of the article, like, at all lol.