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Case for gas as transition fuel falling apart on both economic and environmental costs (reneweconomy.com.au)

submitted 1 year ago by vividspecter@lemm.ee to c/environment@aussie.zone

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[–] ajsadauskas@aus.social 3 points 1 year 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

[–] Hypx@kbin.social 1 points 1 year ago (2 children)

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

[–] qwerty_bastard@feddit.uk 4 points 1 year ago (1 children)

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

[–] sonori 3 points 1 year ago* (last edited 1 year ago)

If you want to waste a few neurons on something so trivial it scarcely counts as drama.

Hypx is basically the only poster over on the hydrogen community, and takes anyone talking about the technology in anything less than glowing fluff or citing real world numbers as a personal attack on themselves.

The original commenter recently got into an argument with them on some methane produced hydrogen buses in Melbourne that involved denying every link and direct quote from various oil companies about how important hydrogen was to thier future with “no you”.

My guess is that the trend of inverting obvious reality becuse it looks bad for them continued onto this post.

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