FIDs pushed back in US

Final Investment Decisions (FIDs) for LNG projects are feeling the pain as momentum gathers in the rush towards the Energy Transition. Efforts to limit the financing of fossil fuel infrastructure development received a lift from the Biden administrations broad climate executive order rolled out in January. In the order a provision directed US treasury and energy secretaries to work with two key financing entities, the US Export-Import Bank and the US International Development Finance Corporation, to identify steps through which the US can “promote ending international financing of carbon-intensive fossil fuel-based energy”, while progressing sustainable development. With a current portfoli

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