tv Transforming Business DW March 15, 2024 4:15am-4:31am CET
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if you're watching dw news live from biling, armando, you can find much more news analysis and video on a website. it's betsy w. com. but coming up next over that, just as i'm reading mohammed or for watching, i'll see you soon by the exchange innovation green. the green revolution global. so listen to whole lot of crime. it's probably up to speed . if the care we subscribe to those channels. we've got every friday subscribe to plan. it's a 1000000 people with more than just a 100 days. my parents because of my family. what cute. how was this age? i'm on a journey to find out about the russo the 19 are to put you on the side produce for
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to see through under my name is some way to shimmer. i'm a feeling mix sweet shaving history out documentary stuff, april 6th on dw, the more than 40 countries depend on the us for liquefied natural gas, l n, g for short. so when fine and recently announce that he was putting a freeze on certain future elegy exports coming from the us. it caused a bit of a stir. it was a mistake, i think, was the right decision. we went to louisiana. we're the nation soon to be biggest l n g terminal has been effected by the move into germany, which is now dependent on us l. n. g. what's the impact of biden's decision? we did deep to find out in this episode of transforming business to let start in louisiana. the small parish of cameron is nestled between 4 separate wildlife
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refuges and the gulf of mexico. the areas home to 5000 people as well as hundreds of species of birds, reptiles, and other fonda and flora. it's also home to 3. ellen gee, terminals. right next to me here you see that your global there on the other side of the couch, she river cameron, resident john, a lair can see and smell them from his property. john is a retired environmental engineer. he's lived here for 25 years and they want to take this whole area over off of my property. now they're not allowed to be on my property, but right next door, it's very similar. visible from john's property is the proposed future location of a 4th. the terminal count because you 2 or c p 2 for short, c p 2 will be the biggest elegy export terminal in the us with a capacity to export $24000000.00 tons of the fossil fuel per year. that's
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according to its owner venture global. it's one of 17 future. ellen g projects that now facing uncertain future due to biden's decision, which pauses approvals for pending and future applications to export l. n g to countries that have a free trade agreement with the us back to this later elegy provides heating and electricity to millions of people around the world. the us started exporting it less than 10 years ago. last year, it shipped out 86000000 tons of it, an amount it expects to double in the next 3 years. the us is the world's top ex border. delivering gas to these countries. germany is one of them. it boosted elegy in ports after russia's invasion of ukraine, which we'll talk about in a moment. but 1st, what's behind biden's decision? there are a few hypotheses. a big one is that environmental activist put pressure on the by
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the administration. and it's decision the white house called climate change, the existential threat of our time, l. n. g is a fossil fuels which emits greenhouse gases contributing to global warming, in which the us has pledged to move away from bite and says he also wants to protect communities living near export facilities like cameron parish. we're joining the lair lives, which is dealing with the environmental impacts of elegy production, light pollution, and land erosion. but this is the clay that are routing away from the old scenario that used to be down here. again, this was fully 3 elegy infrastructure has left a mark on the land. this muddy beach used to be a sandy one before venture global drugs, the river to make space for elegy tankers, docking in the marina. 8000 kilometers from louisiana on the german island of good again, ellen g is a hot topic to,
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according to s and p global. 82 percent of its liquefied natural gas comes from the us. the european nation now has 3 fully operational import terminals. and the 4th has just received its 1st tank. are here opinions on the who again are mixed of i'm, i'll, it is a to build all these terminals from the ground at once. i think is the wrong decision for the future. are we over? um, i have nothing against it. we obviously need a little bit of gas wherever it comes from. it doesn't come out of the ground on its own. in germany, we don't have any gas despite fierce opposition from organizations and residents and vince, a small town on the baltic coast, the german government went ahead with plans to build the ellen g terminal. its construction and the 3 others, like it were fast tracked after russia invaded ukraine. germany was keen to reduce its heavy reliance on russian energy building, elegy, re gas,
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if occasion terminals allowed or to process exports coming from other sources. like the u. s, which some residents and tourists here. question is gilbert jasmine? i believe it. we don't need the ology terminals. that's also the opinion of some economists because of that. i think they shouldn't build them here. so it just germany's federal government acknowledges this economic minister of robert havoc says additional terminals will provide your me would more than it needs. but that this surplus is what will keep the country safe in the event of sabotage to some of its energy infrastructure. in germany also sees natural gas is a transition fuel to move away from other higher emitting fossil fuels like coal and oil. and as an important backup for when wind and solar farms don't produce enough electricity. but this is also central to another reason why critics oppose biden's move. they argue that as a transition fuel l. n. g is key for important ations in the process of vamping up
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renewable energy efforts. flashing supplies doesn't create more demand or capacity of renewables. brenda shafer is an energy expert at the us naval postgraduate school. so for all the, you know, sort of so called environmental activists. the thought they had a big win here. they're actually bringing to higher demand for coal and fuel oil. but some experts say elegy brings its own baggage. 80 percent of natural gas in the us comes from fracking. a process that relies on force and chemicals under ground. using high pressure, fracking has been linked to contaminated groundwater. increase these make activity and the release of methane a potent greenhouse gas it's more than a 100 times more powerful than carbon dioxide through the time it's in the atmosphere. robert howard is an earth system scientist and professor at cornell university. my research suggests that at least a 3rd of that,
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maybe half of that total global increase is methane emissions from frac shield gas in the united states. one of howard's recent studies asserts that natural gas might actually be dirtier than cold. consider all the energy it takes to drill wells, practice shell, rock liquefied, the gas and transported, we have massive tankers, which are often old and efficient. it was easy to add it all up and for elegy under the best case scenario can using conservative assumptions on emissions from shell gas. and using the best, most modern tankers allergies are 25 percent larger footprint. then cool, overall for greenhouse gas emissions just by the environmental concerns about elegy, some experts believe biden is making a political play aimed at a certain demographic ahead of the 2024 presidential election. this was sort of that as i think was, was,
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was trying to appeal to these younger voters that for them, you know, fossil fuels are evil and, and they're very concerned about about the role of fossil fuels and in, in, in climate change. even some of biden's fellow democrats are too thrilled with a decision worrying and will eliminate us jobs and staunch domestic economic growth . it is in america the underpinning of our manufacturing renaissance. mary landry was louisiana's democratic senator for 18 years. she's now and energy consultant to advise venture global owner of the c p to terminal natural gas is radical. to helping us build our steel and see met and ai facilities data facilities. you know, car companies check companies. let's go back to the impact of the frieze fighters move does not threaten current supplies to countries like germany. but while it
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remains in place, only countries with the free trade agreement, like those marked here in orange, will be able to benefit from supply increases that doesn't include europe, which got half of its elegy gas from the us last year. although even back in 2022 analyst agreed that the us l. n g industry had the capacity to boost supply to europe until 2030 without building any new infrastructure. sure. so what's the impact of biden's elegy? pause? well, it's put a spotlight on the debate about the role elegy should play in our future. a debate were politicians, the energy industry economists and climate scientists have different points of view . germany may not need more elegy but wants it as insurance for its energy, security and as transition fuel. and those concerned about its impact on climate change and the environment say it isn't worth it. it locks countries into a dependency on a fossil fuel, which could be even dirtier than it's purported to be potentially for decades. us
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projects that have already been approved won't be impacted by biden's decision, which is a temporary pause, not a band. and even with the freeze, the us will still be able to triple its exports in the next 5 to 7 years. what do you think is temporarily limiting elegy expansion the right move or not? does it even make much of a difference? let us know in the comments the the,
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we have re thing the moon has to offer as big money at stake, made in germany next on dw, loading away when it's 40 degrees celsius in the shade can be deadly. during times of climate change. i asked where hers, what was the most difficult part of their job? uniformly, they spoke about she being the most difficult part of their jobs. how do rising temperatures change in fennel, heat? in 45 minutes on d w, the my name is elizabeth and i'm the calls back said wow,
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based document trees. subscribe now. ok, name treat camille armstrong. the 1st man in the moon. after him and buzz aldrin and 1969 the only 10 others have since i put there. but the 2 men certainly revelled in their pioneering achievements. nasa will soon be sending a new crew to them is, although this time the space tripped will just be the proverbial leap forward for human kind. they'll also involved major business opportunities for commercial contractors also, and this addition of made the double use business magazine, higgs will fly. we investigate the use of pork fat and jet fuel oil.
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