New York (CNN Business)America’s liquefied natural gas boom has a climate change problem, according to a report released on Monday.
The US energy industry is scrambling to build dozens of expensive export terminals that can be used to ship cheap natural gas to China and other fast-growing economies that want to move away from coal.
While those investments make sense today, they will likely be derailed in the longer run by a combination of plunging renewable energy costs and rising climate change concerns, according to the Global Energy Monitor, a network of researchers tracking fossil fuel projects.
Those dual forces will make many LNG projects “unprofitable in the long term,” putting much of the $1.3 trillion of investments in the sector…
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Exposing the Big Game 