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Project Insights

Investors see rising climate risks in Aussie LNG

As global emissions continue to increase, climate risk is rising up the agenda of Australia’s financial community, which is worrying that investment in fossil fuels could be jeopardised As global emissions continue to increase, climate risk is rising up the agenda of Australia’s financial community, which is worrying that investment in fossil fuels could be jeopardised.
By Sally Bogle 5 September 2019 Asia Pacific / LNG 0 34549
The Darwin LNG plant in Australia. (ConocoPhillips)

The key issue: Australia’s financial sector is starting to get twitchy about the risks of continuing to invest in the high-emitting fossil fuel sector, despite reassurances from the country’s LNG industry that it is helping to manage the transition to a low-carbon future.

Interfax analysis: Gas producers and LNG exporters in Australia are coming under rising pressure from the country’s finance and investor community to chart a meaningful path to a low-carbon future as the global imperative to curb greenhouse gas (GHG) emissions gathers pace.

The risk for...