In a major win for the climate movement, the White House recently announced a pause on new liquified natural gas (LNG) export permits.
The ruling is a massive shakeup for major gas financing banks such as Citi, who were likely anticipating major profits from 2024 financing deals. This victory is a direct result of people power and frontline leadership, especially across Texas, Louisiana, and the U.S. Gulf South. Their efforts will halt 12 U.S. LNG export terminals that were in development at the time of the White House ruling.
While much work lies ahead, this is a clear sign that the end of the fossil fuel era is here. It’s time for fossil banks like Citi to stop holding us back from a climate-safe world. Help us encourage Citi to take this as a sign and opportunity to end their support of LNG.
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