Investors and financial institutions investing in, lending to, or underwriting NextDecade’s Rio Grande LNG, Glenfarne’s Texas LNG, and/or Enbridge’s Rio Bravo Pipeline or their existing Valley Crossing pipeline in the Rio Grande Valley in South Texas, USA face severe social and financial risks in supporting these projects. If built, these methane gas facilities would violate the rights of Indigenous Peoples, damage community health, harm endangered species, and contribute to climate chaos.
This updated summary of key financial and social risks provides an overview of critical events in 2024 related to the proposed methane export projects in the Rio Grande Valley. This is the fifth update since 2016 to this important issue.
