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Gulf Coast

Spike In German Finance For Gas Export Projects Harms Gulf Communities

Deutsche Bank and other German lenders have poured finance into gas export terminals on the U.S. Gulf Coast since Russia invaded Ukraine, a report has found, sparking anger among residents who say the megaprojects are devastating their communities. German banks lent 2.17 billion euros to U.S. gas export projects since the beginning of 2022, a sharp increase on the 1.86 billion euros in loans made during the 10 preceding years combined, according to underlying data used to produce the report by environmental groups Urgewald, Environmental Action Germany (DUH) and Andy Gheorghiu Consulting. The banks also underwrote 610 million euros of bonds for the projects from 2012-2021, the data showed.

The Truth About Plastics And Why We Need To Stop Production Now

More knowledge is being gained about and more attention is being given to the harm caused to our health and the planet by plastics, from the start of their production to their disposal as waste that doesn't ever go away. Clearing the FOG speaks with Yvette Arellano, the founder and director of Fenceline Watch, an environmental justice organization based in Houston, Texas. Yvette explains that the Gulf Coast is not only the home of the oil and gas industries, but also the plastic industries that use petroleum, and how they impact mostly Vietnamese and Spanish-speaking communities. They describe the global effects of plastics, how we can best stop them and the work to create alternatives. Once you know about the problems with plastics, you will understand that stopping their production is imperative for a livable future.
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