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Venture Global fined for environmental violations by end of 2024?
5
Venture Global•Louisiana LNG•Federal Energy Regulatory Commission•FERC•US•CP2•Louisiana Plaquemines LNG
Resolution / Starting Odds
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Government regulatory announcements and news reports
Story
FERC Approves Venture Global's CP2 LNG Projects Amid Environmental Concerns
Jun 27, 2024, 02:48 PM
Venture Global's request to reintroduce hazardous fluids at its Louisiana LNG plant has been approved by the Federal Energy Regulatory Commission (FERC). The billionaire founders of Venture Global are at the forefront of a boom in US exports of liquefied natural gas (LNG), which has placed them in the crosshairs of the US government, environmentalists, and even their own customers. The company's CP2 LNG project, pending for over 10 months, has also received approval from FERC despite climate objections. The Louisiana Plaquemines LNG export plant, currently under construction, has started taking in its first natural gas, marking a significant milestone for the project. However, the CP2 project has faced criticism for its potential environmental impact, with claims that it could produce more emissions than 46 coal-fired power plants and pollute marginalized communities.
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Yes • 50%
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No penalty • 25%
Up to $100 million • 25%
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Monetary fines • 33%
Operational restrictions • 33%
Both monetary fines and operational restrictions • 33%
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Bechtel • 25%
Woodside Energy • 25%
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