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News / #LNG
Major insurers from the region, including MS&AD, SOMPO, and Tokio Marine still back liquefied natural gas projects in the global epicentre of marine biodiversity, despite mounting risks to coastal communities and the clean energy transition, warned campaigners on World Oceans Day.
Decrepit, sanction-busting fuel tankers are flouting regulations and creating environmental consequences for poorer countries.
High oil and gas prices don’t drive coal consumption in China, while mining companies have no incentive to increase output further.
The country's environment ministry tells Okinawa Electric new gas plant must reduce overall emissions, warning project near coral and seagrass ecosystems could face curbs if it fails to align with climate goals.
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