Commodities and Futures News

US court orders federal regulators to assess emissions of Louisiana LNG project

2024.07.16 13:03

By Timothy Gardner

WASHINGTON (Reuters) – A U.S. court on Tuesday ordered the Federal Energy Regulatory Commission to reassess the impact of greenhouse gas and other emissions from Commonwealth LNG’s Louisiana liquefied project.

The U.S. Court of Appeals for the District of Columbia did not vacate FERC’s 2022 approval of the project as it ordered the regulator to consider the impact of emissions.

“We think it ‘reasonably likely’ that on remand, the Commission can redress the defects in its (greenhouse gas)emissions and cumulative-effects analysis and still authorize the Project,” the court said in its decision.

Five environmental groups including the Natural Resources Defense Council sued FERC over the approval saying it did not take climate and air pollution risks seriously when it approved the project in November, 2022.

Commonwealth has not made a final investment decision yet. If developed, the project is expected to begin shipping 9.5 million tonnes a year of LNG from Cameron, Louisiana in 2027.

Private equity firm Kimmeridge, through its subsidiary Kimmeridge Texas Gas, acquired a 90% stake in Commonwealth LNG, it said in June.

In the 2022 approval, Democratic members of FERC had listed concerns about the impact of emissions linked to warming the planet and on communities frequently exposed to other types of pollution, saying the terminal would produce the equivalent of about 3.5 million tonnes of carbon emissions annually.

© Reuters. FILE PHOTO: Model of LNG tanker is seen in front of the U.S. flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

But they approved the project, saying federal natural gas law requires FERC to approve facilities unless they are contrary to the public interest.

Commonwealth did not immediately respond to a request for comment.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 96,311.80 0.16%
ethereum
Ethereum (ETH) $ 2,641.20 0.41%
tether
Tether (USDT) $ 1.00 0.02%
xrp
XRP (XRP) $ 2.41 0.19%
solana
Solana (SOL) $ 200.58 1.78%
bnb
BNB (BNB) $ 622.37 0.59%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.251641 0.31%
staked-ether
Lido Staked Ether (STETH) $ 2,637.25 0.33%
cardano
Cardano (ADA) $ 0.689219 1.37%
tron
TRON (TRX) $ 0.236907 2.26%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 96,094.75 0.18%
chainlink
Chainlink (LINK) $ 18.62 1.96%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,144.36 0.19%
avalanche-2
Avalanche (AVAX) $ 24.95 1.60%
stellar
Stellar (XLM) $ 0.31773 3.91%
the-open-network
Toncoin (TON) $ 3.83 2.10%
sui
Sui (SUI) $ 3.05 0.83%
shiba-inu
Shiba Inu (SHIB) $ 0.000016 1.21%
leo-token
LEO Token (LEO) $ 9.83 0.10%
hedera-hashgraph
Hedera (HBAR) $ 0.232327 0.10%
usds
USDS (USDS) $ 1.00 0.06%
litecoin
Litecoin (LTC) $ 108.03 3.49%
hyperliquid
Hyperliquid (HYPE) $ 23.02 2.73%
bitget-token
Bitget Token (BGB) $ 6.36 0.12%
weth
WETH (WETH) $ 2,637.58 0.28%
polkadot
Polkadot (DOT) $ 4.78 2.59%
bitcoin-cash
Bitcoin Cash (BCH) $ 326.09 1.12%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.01%
mantra-dao
MANTRA (OM) $ 5.83 0.16%
uniswap
Uniswap (UNI) $ 9.21 1.00%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,794.07 0.34%
ondo-finance
Ondo (ONDO) $ 1.33 1.90%
monero
Monero (XMR) $ 221.15 1.73%
pepe
Pepe (PEPE) $ 0.000009 0.61%
whitebit
WhiteBIT Coin (WBT) $ 27.23 0.12%
near
NEAR Protocol (NEAR) $ 3.23 0.46%
aave
Aave (AAVE) $ 243.58 2.12%
dai
Dai (DAI) $ 0.999997 0.04%
mantle
Mantle (MNT) $ 1.02 2.93%
aptos
Aptos (APT) $ 5.90 1.93%
internet-computer
Internet Computer (ICP) $ 6.99 0.66%
official-trump
Official Trump (TRUMP) $ 16.59 3.85%
susds
sUSDS (SUSDS) $ 1.04 0.06%
ethereum-classic
Ethereum Classic (ETC) $ 20.25 0.46%
bittensor
Bittensor (TAO) $ 362.69 5.08%
okb
OKB (OKB) $ 47.30 0.19%
gatechain-token
Gate (GT) $ 21.14 0.75%
vechain
VeChain (VET) $ 0.032553 0.88%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.307796 0.24%