ESG & Investing
Korea Gas Giant Removes LNG Claim in Greenwashing Crackdown
- Company cut assertion Australia project gas to be ‘CO2-free’
- Government likely to take similar action with other companies
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South Korea’s largest private gas supplier SK E&S Co. removed claims it would produce carbon-free liquefied natural gas from its marketing materials after the government expanded a crackdown on misleading labels of fossil fuel projects.
SK E&S edited previous press releases and promotional videos in late September to remove its assertion that LNG from its planned Barossa project off the northern coast of Australia would be “CO2-free,” toning down its claim to “low-carbon” gas, a company representative said Tuesday. That came after the environment ministry urged the company to accurately advertise its product in March.