The article discusses the Biden administration’s consideration of financing a $13 billion natural gas export project in Papua New Guinea through the U.S. Export-Import Bank, amid domestic efforts to combat climate change. This project, led by TotalEnergies and Exxon Mobil, aims to supply liquefied natural gas primarily to Asian markets as a cleaner alternative to coal. However, it faces significant pushback from environmentalists and climate activists who argue that supporting such fossil fuel infrastructure contradicts the administration’s climate goals. The decision represents a critical test of the U.S. commitment to its climate agenda on the global stage, especially after pausing approval for a similar natural gas terminal in Louisiana. The situation highlights the complex balancing act between promoting American businesses abroad and adhering to environmental and climate commitments.

https://www.nytimes.com/2024/01/26/climate/lng-terminals-financing-cp2.html