{"id":59432,"date":"2023-04-27T00:03:00","date_gmt":"2023-04-26T22:03:00","guid":{"rendered":"https:\/\/www.greenpeace.org\/international\/?p=59432"},"modified":"2023-04-27T13:15:34","modified_gmt":"2023-04-27T11:15:34","slug":"who-profits-from-war","status":"publish","type":"post","link":"https:\/\/www.greenpeace.org\/international\/publication\/59432\/who-profits-from-war\/","title":{"rendered":"Who Profits From War"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">How Gas Corporations Capitalise from War in Ukraine<\/h2>\n\n<p>The 2022 Russian invasion of Ukraine shocked the world. It quickly resulted in an energy crisis as European States tried to secure non-Russian energy supplies for the winter. <\/p>\n\n<div style=\"position:relative;padding-top:max(60%,326px);height:0;width:100%\"><iframe allow=\"clipboard-write\" sandbox=\"allow-top-navigation allow-top-navigation-by-user-activation allow-downloads allow-scripts allow-same-origin allow-popups allow-modals allow-popups-to-escape-sandbox allow-forms\" allowfullscreen=\"true\" style=\"position:absolute;border:none;width:100%;height:100%;left:0;right:0;top:0;bottom:0;\" src=\"https:\/\/e.issuu.com\/embed.html?backgroundColor=%23aa8283&amp;backgroundColorFullscreen=%23aa8283&amp;d=who-profits-from-war&amp;hideIssuuLogo=true&amp;hideShareButton=true&amp;u=greenpeaceinternational\"><\/iframe><\/div>\n\n<p>What followed was one of the most blatant examples of \u2018shock doctrine,\u2019 where gas operators quickly shifted their public messaging and lobbying from \u201cenergy transition\u201d to \u201cenergy security\u201d and cynically used the opportunity to frighten governments into massive, unneeded investment into and expansion of fossil gas imports and infrastructure. These tactics have resulted in a short-term energy supply crisis being answered by long-term fossil fuel lock-in in the form of new infrastructure, decades long contracts, and environmental impact in the US, as well as in the EU. This overreaction jeopardises the EU\u2019s and US\u2019 energy transition and their agreed climate goals.<\/p>\n\n<p>The shift was instant and effective. The REPowerEU plan, the EU answer to the gas crisis, included around \u20ac10 billion ($20.9 billion) in funding for gas infrastructure. Eight liquefied gas terminals are under construction, and 38 more have been proposed.<\/p>\n\n<p>Replacing Russian pipeline gas led to a surge of shipments of liquefied gas (also known as LNG) from the US. As a result, gas infrastructure operators, portfolio traders, and gas companies have declared that imported liquefied gas is the answer to the crisis and will remain so for decades to come. This LNG expansion threatens the health of communities living near these export terminals, extraction sites, and pipelines, while potentially pushing planet warming emissions past levels to meet global climate goals.<\/p>\n\n<p>Shareholders of the world\u2019s top five oil and gas companies saw record profits of \u20ac192 billion ($209 billion) and distributed $102 billion (\u20ac93 billion)in the form of dividends and share-buy-backs in 2022.<\/p>\n\n<p>Download the report:<\/p>\n\n<p><a href=\"https:\/\/www.greenpeace.org\/static\/planet4-international-stateless\/2023\/04\/b48c5661-who-profits-from-war.pdf\">Who Profits From War: How Gas Corporations Capitalise from War in Ukraine<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The gas industry is using today\u2019s news \u2014 the war and the energy crisis \u2014 to try to lock in more gas for decades, even though the industry knows it\u2019ll be disastrous for the climate and international stability.<\/p>\n","protected":false},"author":18,"featured_media":59502,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_planet4_optimize_post_is_variant":false,"_planet4_optimize_experiment_name":"","_planet4_optimize_variant_name":"","ep_exclude_from_search":false,"p4_og_title":"","p4_og_description":"","p4_og_image":"","p4_og_image_id":"","p4_seo_canonical_url":"","p4_campaign_name":"","p4_local_project":"","p4_basket_name":"","p4_department":"","footnotes":""},"categories":[69],"tags":[65,89],"p4-page-type":[62],"class_list":["post-59432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy-revolution","tag-climate","p4-page-type-publication"],"_links":{"self":[{"href":"https:\/\/www.greenpeace.org\/international\/wp-json\/wp\/v2\/posts\/59432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.greenpeace.org\/international\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.greenpeace.org\/international\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.greenpeace.org\/international\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greenpeace.org\/international\/wp-json\/wp\/v2\/comments?post=59432"}],"version-history":[{"count":8,"href":"https:\/\/www.greenpeace.org\/international\/wp-json\/wp\/v2\/posts\/59432\/revisions"}],"predecessor-version":[{"id":59512,"href":"https:\/\/www.greenpeace.org\/international\/wp-json\/wp\/v2\/posts\/59432\/revisions\/59512"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.greenpeace.org\/international\/wp-json\/wp\/v2\/media\/59502"}],"wp:attachment":[{"href":"https:\/\/www.greenpeace.org\/international\/wp-json\/wp\/v2\/media?parent=59432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greenpeace.org\/international\/wp-json\/wp\/v2\/categories?post=59432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greenpeace.org\/international\/wp-json\/wp\/v2\/tags?post=59432"},{"taxonomy":"p4-page-type","embeddable":true,"href":"https:\/\/www.greenpeace.org\/international\/wp-json\/wp\/v2\/p4-page-type?post=59432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}