Proposed by the state-owned Alaska Gasline Development Corporation (AGDC), the project could result in more than 50 million metric tons of new planet-warming emissions each year if it's completed. Harris noted that the $40 billion project would "include multiple interlocking pieces of infrastructure: a gas processing facility with carbon capture and an export terminal, connected by 800 miles of pipeline across melting permafrost." “You maybe thought when Rahm Emanuel was exiled to Japan that would be the end of his policy meddling days, but no, he's leading the charge to get a gas pipeline and LNG terminal built on the Pacific Coast. "It comes as no surprise to find him 13 years later trying to light the fuse of a massive carbon bomb." "Rahm Emanuel did more than any single individual to sabotage Barack Obama's climate agenda at a time when there were congressional majorities," Lukas Ross, senior program manager at Friends of the Earth, told the Prospect. "Oil companies ExxonMobil, ConocoPhillips, and BP pulled out of the project in 2014, after a natural gas supply glut caused prices to collapse."Ĭlimate advocates voiced outrage-but not surprise-over Emanuel's role in boosting the project, which got a crucial green light from the Biden Energy Department last month. sell more gas to Asia, has struggled for years to raise capital, despite billions of dollars in federal loan guarantees," Harris noted. "The Alaska LNG Project, which would help the U.S. The American Prospect's Lee Harris reported Wednesday that Rahm Emanuel, who previously served as White House chief of staff in the Obama administration and was the mayor of Chicago for eight years, "hosted a summit last October" on the Alaska gas project "with investors including Goldman Sachs and BlackRock, and is expected to continue his promo tour with next week’s keynote address at the Alaska Sustainable Energy Conference." ambassador to Japan-and his extensive ties to the corporate world-to help secure funding for a major gas export project in Alaska that the Biden administration is supporting despite its pledge to rein in planet-warming emissions. A figure widely reviled in progressive circles for his past efforts to drag the Democratic Party to the right on climate and other issues is using his current position as the U.S.
0 Comments
Leave a Reply. |