Gas Clash Threatens Australia's fast-Growing LNG Industry [Forbes]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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Source: Forbes
Gas Clash Threatens Australia's fast-Growing LNG Industry Australia's plan to become the world's biggest exporter of methane gas in its super-chilled form as liquefied natural gas (LNG) is being threatened by another gas, carbon dioxide. The gas-clash has come to a head in Western Australia, home to four LNG projects, and potentially several more as demand for the fuel rises because it is less polluting when burned than other fossil fuels such as coal and oil. But LNG's appeal as a relatively clean fuel does not save it from the Paris Agreement, an accord ratified by most members of the United Nations and designed to tackle climate change by cutting the emission of gases such as carbon dioxide which is produced when methane is burned. LNG Caught In The Paris Agreement In theory, LNG could make a contribution to the fight against climate change because it replaces more polluting fuels but Australia faces the problem of being a Paris Agreement signatory and a big energy exporter. A solu
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