{"id":67262,"date":"2022-10-10T14:20:29","date_gmt":"2022-10-10T03:20:29","guid":{"rendered":"https:\/\/www.marketforces.org.au\/?page_id=67262"},"modified":"2024-05-27T21:33:20","modified_gmt":"2024-05-27T11:33:20","slug":"general-electric","status":"publish","type":"page","link":"https:\/\/www.marketforces.org.au\/campaigns\/asia\/general-electric\/","title":{"rendered":"General Electric"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Feature Section&#8221; _builder_version=&#8221;4.18.0&#8243; custom_margin=&#8221;|||&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;3_5,2_5&#8243; use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;1&#8243; make_equal=&#8221;on&#8221; module_class=&#8221; et_pb_row_fullwidth&#8221; _builder_version=&#8221;4.18.0&#8243; background_enable_color=&#8221;off&#8221; background_enable_image=&#8221;off&#8221; parallax=&#8221;on&#8221; width=&#8221;100%&#8221; width_tablet=&#8221;100%&#8221; width_phone=&#8221;&#8221; width_last_edited=&#8221;on|desktop&#8221; max_width=&#8221;100%&#8221; max_width_tablet=&#8221;100%&#8221; max_width_phone=&#8221;&#8221; max_width_last_edited=&#8221;on|desktop&#8221; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; animation_direction=&#8221;top&#8221; make_fullwidth=&#8221;on&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;3_5&#8243; module_class=&#8221;banner-column-left&#8221; _builder_version=&#8221;4.18.0&#8243; background_color=&#8221;#044239&#8243; custom_padding=&#8221;2%|2%|2%|12.5%|false|false&#8221; custom_padding_tablet=&#8221;|10%||10%|false|false&#8221; custom_padding_phone=&#8221;|||10%|false|false&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; text_font=&#8221;||||||||&#8221; header_font=&#8221;Oswald|||on|||||&#8221; header_text_color=&#8221;#f7f7f7&#8243; header_font_size=&#8221;50px&#8221; header_line_height=&#8221;1.3em&#8221; custom_margin=&#8221;50px||40px||false|false&#8221; header_font_size_tablet=&#8221;&#8221; header_font_size_phone=&#8221;36px&#8221; header_font_size_last_edited=&#8221;on|phone&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1><b><span style=\"text-decoration: underline;\">GE Vernova&#8217;s<\/span> power business risks being <span style=\"text-decoration: underline;\">greenwash<\/span><\/b><\/h1>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;2_5&#8243; module_class=&#8221;banner-column-right&#8221; _builder_version=&#8221;4.18.0&#8243; background_image=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2023\/01\/LNG-tanks-GE-webpage.png&#8221; custom_padding=&#8221;|||&#8221; background_last_edited=&#8221;on|phone&#8221; parallax_tablet=&#8221;off&#8221; parallax_phone=&#8221;off&#8221; parallax_method_tablet=&#8221;off&#8221; custom_css_before=&#8221;background-image: linear-gradient(115deg,#044239 30%,rgba(255,255,255,0) 0%);||content: %22%22;||    display: block;||    clear: both;||    line-height: 0;||    z-index: 99;||    position: absolute;||    top: 0;||    height: 100%;||    width: 100%;&#8221; custom_css_main_element=&#8221;display: flex;||flex-direction: column;||justify-content: flex-end;&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221; custom_css_before_last_edited=&#8221;on|desktop&#8221; custom_css_before_tablet=&#8221;background-image: unset;&#8221; custom_css_before_phone=&#8221;background-image: unset;&#8221; custom_css_main_element_last_edited=&#8221;on|phone&#8221; custom_css_main_element_tablet=&#8221;min-height: 400px !important;||display: block !important;&#8221; custom_css_main_element_phone=&#8221;min-height: 400px !important;||display: block !important;&#8221;][et_pb_text disabled_on=&#8221;on|on|on&#8221; _builder_version=&#8221;4.18.0&#8243; text_font=&#8221;Montserrat||||&#8221; text_text_color=&#8221;#FFFFFF&#8221; text_font_size=&#8221;24px&#8221; text_line_height=&#8221;1.8em&#8221; header_font=&#8221;||||||||&#8221; custom_margin=&#8221;||50px|&#8221; animation_direction=&#8221;top&#8221; text_font_size_tablet=&#8221;&#8221; text_font_size_phone=&#8221;18px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; disabled=&#8221;on&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_text][et_pb_text disabled_on=&#8221;on|on|on&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#FFFFFF&#8221; text_font_size=&#8221;0.8em&#8221; positioning=&#8221;relative&#8221; position_origin_r=&#8221;bottom_right&#8221; disabled=&#8221;on&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><em>Adaro mine in Indonesia. Photo credit: WALHI South Kalimantan<\/em><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; disabled_on=&#8221;off|off|off&#8221; _builder_version=&#8221;4.20.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;25px||25px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;2_5,3_5&#8243; disabled_on=&#8221;off|off|off&#8221; _builder_version=&#8221;4.22.1&#8243; _module_preset=&#8221;default&#8221; max_width=&#8221;75%&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;2_5&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text disabled_on=&#8221;off|off|off&#8221; _builder_version=&#8221;4.24.0&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">GE Vernova is trying to portray a green image.\u00a0 While the word Vernova means \u201cnew green\u201d, the company has vast fossil fuel holdings, with business strategies that still bulldozing ahead with plans for new liquified natural gas (LNG) power plants in Bangladesh and Vietnam.<\/span><\/p>\n<p><strong>Take action by tweeting or sending an email to GE Vernova&#8217;s CEO using the form on this page!<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;3_5&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_tabs active_tab_background_color=&#8221;#16827a&#8221; active_tab_text_color=&#8221;#FFFFFF&#8221; _builder_version=&#8221;4.21.0&#8243; tab_text_color=&#8221;#16827a&#8221; tab_font=&#8221;|700|||||||&#8221; tab_font_size=&#8221;18px&#8221; tab_line_height=&#8221;1.8em&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_tab title=&#8221;Tweet!&#8221; _builder_version=&#8221;4.21.0&#8243; background_enable_color=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><strong>TAKE ACTION: Tweet at GE!<\/strong><\/p>\n<p>Please choose a tweet below (or write your own if you prefer). It\u2019s always better to personalise it a bit.<\/p>\n<script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\nvar gform;gform||(document.addEventListener(\"gform_main_scripts_loaded\",function(){gform.scriptsLoaded=!0}),document.addEventListener(\"gform\/theme\/scripts_loaded\",function(){gform.themeScriptsLoaded=!0}),window.addEventListener(\"DOMContentLoaded\",function(){gform.domLoaded=!0}),gform={domLoaded:!1,scriptsLoaded:!1,themeScriptsLoaded:!1,isFormEditor:()=>\"function\"==typeof InitializeEditor,callIfLoaded:function(o){return!(!gform.domLoaded||!gform.scriptsLoaded||!gform.themeScriptsLoaded&&!gform.isFormEditor()||(gform.isFormEditor()&&console.warn(\"The use of gform.initializeOnLoaded() is deprecated in the form editor context and will be removed in Gravity Forms 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form<\/span><\/div><legend class='gfield_label gform-field-label' >Choose a tweet<\/legend><div class='ginput_container ginput_container_radio'><div class='gfield_radio' id='input_568_1'>\n\t\t\t<div class='gchoice gchoice_568_1_0'>\n\t\t\t\t\t<input class='gfield-choice-input' name='input_1' type='radio' value='Tweet option 1' checked='checked' id='choice_568_1_0' onchange='gformToggleRadioOther( this )'    \/>\n\t\t\t\t\t<label for='choice_568_1_0' id='label_568_1_0' class='gform-field-label gform-field-label--type-inline'>Tweet option 1<\/label>\n\t\t\t<\/div>\n\t\t\t<div class='gchoice gchoice_568_1_1'>\n\t\t\t\t\t<input class='gfield-choice-input' name='input_1' type='radio' value='Tweet option 2'  id='choice_568_1_1' onchange='gformToggleRadioOther( this )'    \/>\n\t\t\t\t\t<label for='choice_568_1_1' id='label_568_1_1' class='gform-field-label gform-field-label--type-inline'>Tweet option 2<\/label>\n\t\t\t<\/div>\n\t\t\t<div class='gchoice gchoice_568_1_2'>\n\t\t\t\t\t<input 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option 5<\/label>\n\t\t\t<\/div>\n\t\t\t<div class='gchoice gchoice_568_1_5'>\n\t\t\t\t\t<input class='gfield-choice-input' name='input_1' type='radio' value='Tweet option 6'  id='choice_568_1_5' onchange='gformToggleRadioOther( this )'    \/>\n\t\t\t\t\t<label for='choice_568_1_5' id='label_568_1_5' class='gform-field-label gform-field-label--type-inline'>Tweet option 6<\/label>\n\t\t\t<\/div>\n\t\t\t<div class='gchoice gchoice_568_1_6'>\n\t\t\t\t\t<input class='gfield-choice-input' name='input_1' type='radio' value='Tweet option 7'  id='choice_568_1_6' onchange='gformToggleRadioOther( this )'    \/>\n\t\t\t\t\t<label for='choice_568_1_6' id='label_568_1_6' class='gform-field-label gform-field-label--type-inline'>Tweet option 7<\/label>\n\t\t\t<\/div>\n\t\t\t<div class='gchoice gchoice_568_1_7'>\n\t\t\t\t\t<input class='gfield-choice-input' name='input_1' type='radio' value='Tweet option 8'  id='choice_568_1_7' onchange='gformToggleRadioOther( this )'    \/>\n\t\t\t\t\t<label for='choice_568_1_7' id='label_568_1_7' class='gform-field-label gform-field-label--type-inline'>Tweet option 8<\/label>\n\t\t\t<\/div><\/div><\/div><\/fieldset><div id=\"field_568_2\" class=\"gfield gfield--type-textarea gfield--width-full field_sublabel_below gfield--no-description field_description_below hidden_label field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_568_2'>Tweet 1<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_2' id='input_568_2' class='textarea medium'      aria-invalid=\"false\"   rows='10' cols='50'>.@generalelectric and @GE_Vernova: Invest in renewables instead of polluting new fossil fuels like gas and LNG power in Bangladesh and Vietnam. $GE marketforces.net\/ge<\/textarea><\/div><\/div><div id=\"field_568_3\" class=\"gfield gfield--type-textarea gfield--width-full field_sublabel_below gfield--no-description field_description_below hidden_label field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_568_3'>Tweet 2<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_3' id='input_568_3' class='textarea medium'      aria-invalid=\"false\"   rows='10' cols='50'>To @generalelectric: the #FutureofEnergy is 100% Renewables \u26a1\ufe0f\ud83c\udf1e, not polluting fossil gas and LNG planned by your @GE_Vernova business. $GE marketforces.net\/ge<\/textarea><\/div><\/div><div id=\"field_568_4\" class=\"gfield gfield--type-textarea gfield--width-full field_sublabel_below gfield--no-description field_description_below hidden_label field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_568_4'>Tweet 3<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_4' id='input_568_4' class='textarea medium'      aria-invalid=\"false\"   rows='10' cols='50'>.@generalelectric plans to build new, polluting fossil gas and LNG projects through its \u201cnew green\u201d power business @GE_Vernova. Do investors see GE Vernova\u2019s true colours? $GE must deploy renewable energy, not climate-wrecking fossil fuels. marketforces.net\/ge<\/textarea><\/div><\/div><div id=\"field_568_5\" class=\"gfield gfield--type-textarea gfield--width-full field_sublabel_below gfield--no-description field_description_below hidden_label field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_568_5'>Tweet 4<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_5' id='input_568_5' class='textarea medium'      aria-invalid=\"false\"   rows='10' cols='50'>.@generalelectric and @GE_Vernova should focus on a genuine #EnergyTransition that ensures a safe climate future with renewable power \u26a1\ufe0f\ud83c\udf1e, not climate-wrecking fossil fuels like gas and LNG. $GE\nmarketforces.net\/ge<\/textarea><\/div><\/div><div id=\"field_568_6\" class=\"gfield gfield--type-textarea gfield--width-full field_sublabel_below gfield--no-description field_description_below hidden_label field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_568_6'>Tweet 5<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_6' id='input_568_6' class='textarea medium'      aria-invalid=\"false\"   rows='10' cols='50'>#TheEnergytoChangetheWorld is generated by wind and solar, not dirty fossil gas and LNG as @GE_Vernova plans for our future. We urge @generalelectric not to risk its reputation by locking in decades of pollution and fuelling the climate crisis. $GE\nmarketforces.net\/ge<\/textarea><\/div><\/div><div id=\"field_568_7\" class=\"gfield gfield--type-textarea gfield--width-full field_sublabel_below gfield--no-description field_description_below hidden_label field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_568_7'>Tweet 6<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_7' id='input_568_7' class='textarea medium'      aria-invalid=\"false\"   rows='10' cols='50'>.@generalelectric and @GE_Vernova risk hurting communities and the climate through polluting fossil fuels in Bangladesh and Vietnam. $GE: Choose renewables instead!\nmarketforces.net\/ge<\/textarea><\/div><\/div><div id=\"field_568_8\" class=\"gfield gfield--type-textarea gfield--width-full field_sublabel_below gfield--no-description field_description_below hidden_label field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_568_8'>Tweet 7<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_8' id='input_568_8' class='textarea medium'      aria-invalid=\"false\"   rows='10' cols='50'>.@GE_Vernova\u2018s LNG plans risk locking us in decades of pollution. @generalelectric: Align your business strategy with a safe climate future. $GE #renewables #solar #wind marketforces.net\/ge<\/textarea><\/div><\/div><div id=\"field_568_9\" class=\"gfield gfield--type-textarea gfield--width-full field_sublabel_below gfield--no-description field_description_below hidden_label field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_568_9'>Tweet 8<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_9' id='input_568_9' class='textarea medium'      aria-invalid=\"false\"   rows='10' cols='50'>.@generalelectric should walk the talk on its green credentials and ensure a safe climate future and #energytransition through renewables \u26a1\ufe0f\ud83c\udf1e. @GE_Vernova must back solar and wind power, not dirty fossil gas and LNG. $GE marketforces.net\/ge<\/textarea><\/div><\/div><div id=\"field_568_12\" class=\"gfield gfield--type-html gfield--width-full gfield_html gfield_html_formatted gfield_no_follows_desc field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><button style=\"margin-bottom: 1em;\" type=\"button\" class=\"btn btn-primary btn-sm btn-mf-randomizer\">New Tweet<\/button><\/div><\/div><\/div>\n        <div class='gform-footer gform_footer top_label'> <input type='submit' id='gform_submit_button_568' class='gform_button button' onclick='gform.submission.handleButtonClick(this);' data-submission-type='submit' value='Tweet this!'  \/> <input type='hidden' name='gform_ajax' 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id=\"input_2738082c05b6634329533248cd01b3dc\" class=\"gfield_recaptcha_response\" type=\"hidden\" name=\"input_2738082c05b6634329533248cd01b3dc\" value=\"\"\/><\/div>\n                        <div class='gform-body gform_body'><div id='gform_fields_569' class='gform_fields top_label form_sublabel_below description_below validation_below'><fieldset id=\"field_569_1\" class=\"gfield gfield--type-name gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><legend class='gfield_label gform-field-label gfield_label_before_complex' >Name<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_text\">(Required)<\/span><\/span><\/legend><div class='ginput_complex ginput_container ginput_container--name no_prefix has_first_name no_middle_name has_last_name no_suffix gf_name_has_2 ginput_container_name gform-grid-row' id='input_569_1'>\n                            \n                            <span id='input_569_1_3_container' class='name_first gform-grid-col gform-grid-col--size-auto' >\n                                                    <input type='text' name='input_1.3' id='input_569_1_3' value=''   aria-required='true'     \/>\n                                                    <label for='input_569_1_3' class='gform-field-label gform-field-label--type-sub '>First<\/label>\n                                                <\/span>\n                            \n                            <span id='input_569_1_6_container' class='name_last gform-grid-col gform-grid-col--size-auto' >\n                                                    <input type='text' name='input_1.6' id='input_569_1_6' value=''   aria-required='true'     \/>\n                                                    <label for='input_569_1_6' class='gform-field-label gform-field-label--type-sub '>Last<\/label>\n                                                <\/span>\n                            \n                        <\/div><\/fieldset><div id=\"field_569_3\" class=\"gfield gfield--type-email gfield--width-full gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_569_3'>Email<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_text\">(Required)<\/span><\/span><\/label><div class='ginput_container ginput_container_email'>\n                            <input name='input_3' id='input_569_3' type='email' value='' class='large'    aria-required=\"true\" aria-invalid=\"false\"  \/>\n                        <\/div><\/div><div id=\"field_569_4\" class=\"gfield gfield--type-text gfield--width-full field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_569_4'>Subject<\/label><div class='ginput_container ginput_container_text'><input name='input_4' id='input_569_4' type='text' value='Ditch fossil fuel expansion, back renewable power' class='large'      aria-invalid=\"false\"   \/><\/div><\/div><div id=\"field_569_5\" class=\"gfield gfield--type-textarea gfield--width-full field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_569_5'>Message<\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_5' id='input_569_5' class='textarea large'      aria-invalid=\"false\"   rows='10' cols='50'>Dear Mr. Strazik: \n\nI\u2019m writing to you in solidarity with Bangladeshi and Vietnamese communities where GE Vernova has fossil fuel expansion plans, ahead of the GE Vernova spinoff.\n\nI understand GE is involved in up to 25GW of liquefied natural gas (LNG) to power projects in Vietnam and Bangladesh, despite the drastic consequences that these projects could have on the local environment, communities and our global climate. At the same time, GE Vernova wants to position itself as a clean energy leader pushing the transition away from fossil fuels. I urge you not to build or sponsor any new LNG to power projects as this will impact GE\u2019s reputation with investors and the public.\n\nGE\u2019s equipment, according to your website, generates a third of the world\u2019s electricity and its commitment to achieving net zero emissions by 2050 has the potential to reshape the global power sector to prevent catastrophic climate change. On the contrary, doubling down on dirty LNG projects isn\u2019t going to do it, when these projects will emit climate-destroying greenhouse gases beyond 2050. The International Energy Agency (IEA)\u2019s Net Zero Emissions by 2050 Scenario (NZE) makes clear that achieving net zero emissions by 2050 leaves an extremely limited and shrinking role for fossil fuels in electricity generation.\n\nGE could lead the energy revolution through its renewables business. In the NZE scenario, the IEA estimates the world will require an enormous 8,000 TWh of wind electricity generation by 2030, a five-fold increase on 2020 levels. By continuing to promote and build LNG technology, GE will lock countries into this polluting fossil fuel, potentially losing out on securing a leading position as a renewable energy producer as the world transitions to net zero.\n\nGE can build clean, renewable energy projects, playing to the strengths of your wind power business instead.\n\nWe urge you to transition GE Vernova away from fossil fuels, by: \nEngaging with Bangladeshi activists and listening to their concerns\nReviewing and stopping all planned involvement in new LNG to power projects, and \nAnnouncing your exit from proposed LNG to power projects in Bangladesh and Vietnam.\n\nSincerely, <\/textarea><\/div><\/div><fieldset id=\"field_569_6\" class=\"gfield gfield--type-checkbox gfield--type-choice gfield--width-full field_sublabel_below gfield--no-description field_description_below hidden_label field_validation_below gfield_visibility_visible\"  ><legend class='gfield_label gform-field-label gfield_label_before_complex' >Yes, of course I&#039;d like to get updates about this and other Market Forces campaigns!<\/legend><div class='ginput_container ginput_container_checkbox'><div class='gfield_checkbox ' id='input_569_6'><div class='gchoice gchoice_569_6_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_6.1' type='checkbox'  value='Yes, of course I&#039;d like to get updates about this and other Market Forces campaigns!' checked='checked' id='choice_569_6_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_569_6_1' id='label_569_6_1' class='gform-field-label gform-field-label--type-inline'>Yes, of course I'd like to get updates about this and other Market Forces campaigns!<\/label>\n\t\t\t\t\t\t\t<\/div><\/div><\/div><\/fieldset><fieldset id=\"field_569_7\" class=\"gfield gfield--type-checkbox gfield--type-choice gfield--width-full field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_hidden\"  ><div class=\"admin-hidden-markup\"><i class=\"gform-icon gform-icon--hidden\" aria-hidden=\"true\" title=\"This field is hidden when viewing the form\"><\/i><span>This field is hidden when viewing the form<\/span><\/div><legend class='gfield_label gform-field-label gfield_label_before_complex' >TOOK ACTION: GE investor day - email action - March 2023<\/legend><div class='ginput_container ginput_container_checkbox'><div class='gfield_checkbox ' id='input_569_7'><div class='gchoice gchoice_569_7_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_7.1' type='checkbox'  value='TOOK ACTION: GE investor day - email action - March 2023' checked='checked' id='choice_569_7_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_569_7_1' id='label_569_7_1' class='gform-field-label gform-field-label--type-inline'>TOOK ACTION: GE investor day - email action - March 2023<\/label>\n\t\t\t\t\t\t\t<\/div><\/div><\/div><\/fieldset><\/div><\/div>\n        <div class='gform-footer gform_footer top_label'> <input type='submit' id='gform_submit_button_569' class='gform_button button' onclick='gform.submission.handleButtonClick(this);' data-submission-type='submit' value='Send your message'  \/> <input type='hidden' name='gform_ajax' value='form_id=569&amp;title=&amp;description=&amp;tabindex=0&amp;theme=gravity-theme&amp;styles=[]&amp;hash=823db50daef297e538c966ef9e746501' \/>\n            <input type='hidden' class='gform_hidden' name='gform_submission_method' data-js='gform_submission_method_569' value='iframe' \/>\n            <input type='hidden' class='gform_hidden' name='gform_theme' data-js='gform_theme_569' id='gform_theme_569' value='gravity-theme' \/>\n            <input type='hidden' class='gform_hidden' name='gform_style_settings' data-js='gform_style_settings_569' id='gform_style_settings_569' value='[]' \/>\n            <input type='hidden' class='gform_hidden' name='is_submit_569' value='1' \/>\n            <input type='hidden' class='gform_hidden' name='gform_submit' value='569' \/>\n            \n            <input type='hidden' class='gform_hidden' name='gform_currency' data-currency='AUD' value='bOn9J7SD1Ccif8OzrW6iYpwLmMU2IcgTl1mnTCSclO4TepfUH1V66ozflHCDkajOIxNeCuL9lMcq2PL+nGYPUpcHzGPUhkJEbXws+Ia04+HeUY0=' \/>\n            <input type='hidden' class='gform_hidden' name='gform_unique_id' value='' \/>\n            <input type='hidden' class='gform_hidden' name='state_569' value='WyJbXSIsIjYzYjEzY2E5ZGJhZWQ5NWVjMDAyMWUzMDg1NzdjZmQxIl0=' \/>\n            <input type='hidden' autocomplete='off' class='gform_hidden' name='gform_target_page_number_569' id='gform_target_page_number_569' value='0' \/>\n            <input type='hidden' autocomplete='off' class='gform_hidden' name='gform_source_page_number_569' id='gform_source_page_number_569' value='1' \/>\n            <input type='hidden' name='gform_field_values' value='' \/>\n            \n        <\/div>\n                        <\/form>\n                        <\/div>\n\t\t                <iframe style='display:none;width:0px;height:0px;' src='about:blank' name='gform_ajax_frame_569' id='gform_ajax_frame_569' title='This iframe contains the logic required to handle Ajax powered Gravity Forms.'><\/iframe>\n\t\t                <script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n gform.initializeOnLoaded( function() {gformInitSpinner( 569, 'https:\/\/www.marketforces.org.au\/wp-content\/plugins\/gravityforms\/images\/spinner.svg', true );jQuery('#gform_ajax_frame_569').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_569');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_569').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! is_redirect && ! is_confirmation;var mt = parseInt(jQuery('html').css('margin-top'), 10) + parseInt(jQuery('body').css('margin-top'), 10) + 100;if(is_form){jQuery('#gform_wrapper_569').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_569').addClass('gform_validation_error');} else {jQuery('#gform_wrapper_569').removeClass('gform_validation_error');}setTimeout( function() { \/* delay the scroll by 50 milliseconds to fix a bug in chrome *\/ jQuery(document).scrollTop(jQuery('#gform_wrapper_569').offset().top - mt); }, 50 );if(window['gformInitDatepicker']) {gformInitDatepicker();}if(window['gformInitPriceFields']) {gformInitPriceFields();}var current_page = jQuery('#gform_source_page_number_569').val();gformInitSpinner( 569, 'https:\/\/www.marketforces.org.au\/wp-content\/plugins\/gravityforms\/images\/spinner.svg', true );jQuery(document).trigger('gform_page_loaded', [569, current_page]);window['gf_submitting_569'] = false;}else if(!is_redirect){var confirmation_content = jQuery(this).contents().find('.GF_AJAX_POSTBACK').html();if(!confirmation_content){confirmation_content = contents;}jQuery('#gform_wrapper_569').replaceWith(confirmation_content);jQuery(document).scrollTop(jQuery('#gf_569').offset().top - mt);jQuery(document).trigger('gform_confirmation_loaded', [569]);window['gf_submitting_569'] = false;wp.a11y.speak(jQuery('#gform_confirmation_message_569').text());}else{jQuery('#gform_569').append(contents);if(window['gformRedirect']) {gformRedirect();}}jQuery(document).trigger(\"gform_pre_post_render\", [{ formId: \"569\", currentPage: \"current_page\", abort: function() { this.preventDefault(); } }]);        if (event && event.defaultPrevented) {                return;        }        const gformWrapperDiv = document.getElementById( \"gform_wrapper_569\" );        if ( gformWrapperDiv ) {            const visibilitySpan = document.createElement( \"span\" );            visibilitySpan.id = \"gform_visibility_test_569\";            gformWrapperDiv.insertAdjacentElement( \"afterend\", visibilitySpan );        }        const visibilityTestDiv = document.getElementById( \"gform_visibility_test_569\" );        let postRenderFired = false;        function triggerPostRender() {            if ( postRenderFired ) {                return;            }            postRenderFired = true;            gform.core.triggerPostRenderEvents( 569, current_page );            if ( visibilityTestDiv ) {                visibilityTestDiv.parentNode.removeChild( visibilityTestDiv );            }        }        function debounce( func, wait, immediate ) {            var timeout;            return function() {                var context = this, args = arguments;                var later = function() {                    timeout = null;                    if ( !immediate ) func.apply( context, args );                };                var callNow = immediate && !timeout;                clearTimeout( timeout );                timeout = setTimeout( later, wait );                if ( callNow ) func.apply( context, args );            };        }        const debouncedTriggerPostRender = debounce( function() {            triggerPostRender();        }, 200 );        if ( visibilityTestDiv && visibilityTestDiv.offsetParent === null ) {            const observer = new MutationObserver( ( mutations ) => {                mutations.forEach( ( mutation ) => {                    if ( mutation.type === 'attributes' && visibilityTestDiv.offsetParent !== null ) {                        debouncedTriggerPostRender();                        observer.disconnect();                    }                });            });            observer.observe( document.body, {                attributes: true,                childList: false,                subtree: true,                attributeFilter: [ 'style', 'class' ],            });        } else {            triggerPostRender();        }    } );} ); \n\/* ]]> *\/\n<\/script>\n\n<p>[\/et_pb_tab][\/et_pb_tabs][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;25px||25px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.22.1&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>GE Vernova\u2019s continued liquefied natural gas (LNG gas) project expansion plans run contrary to prevailing market conditions in Asia Pacific and its own net zero emissions by 2050 goals. GE Vernova\u2019s proposed LNG buildout could damage the financial position and reputation of \u201cGE Vernova\u201d.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; disabled_on=&#8221;on|on|on&#8221; _builder_version=&#8221;4.22.1&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#131313&#8243; disabled=&#8221;on&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;3_5,2_5&#8243; disabled_on=&#8221;off|off|off&#8221; _builder_version=&#8221;4.22.1&#8243; _module_preset=&#8221;default&#8221; max_width=&#8221;75%&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;3_5&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.22.1&#8243; _module_preset=&#8221;default&#8221; header_2_font=&#8221;Inter|800|||||||&#8221; header_2_text_color=&#8221;#131313&#8243; header_2_font_size=&#8221;36px&#8221; header_2_line_height=&#8221;1.17em&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2><span style=\"color: #ffffff;\">Bangladeshi artists paint a true picture of GE Vernova&#8217;s greenwash<\/span><\/h2>\n<p>[\/et_pb_text][et_pb_text disabled_on=&#8221;off|off|off&#8221; _builder_version=&#8221;4.22.1&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;20px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"color: #ffffff;\"><span style=\"font-weight: 400;\">Market Forces has worked with artists to deliver the <\/span><a href=\"https:\/\/marketforces.exposure.co\/bangladeshi-artists-ge\" target=\"_blank\" rel=\"noopener\" style=\"color: #ffffff;\"><i><span style=\"font-weight: 400;\">Electric Bangladesh: Fossil Free Futures<\/span><\/i><span style=\"font-weight: 400;\"> exhibition<\/span><\/a><i><span style=\"font-weight: 400;\">. <\/span><\/i><\/span><\/p>\n<p><span style=\"color: #ffffff;\"><span style=\"font-weight: 400;\">The artists are calling out the greenwashing of GE Vernova, which is trying to portray a green image by claiming to support clean energy but is still bulldozing ahead with plans for new liquefied natural gas (LNG) power plants in Bangladesh.<\/span><\/span><\/p>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;#take-action&#8221; button_text=&#8221;See the art and hear their stories&#8221; button_alignment=&#8221;left&#8221; _builder_version=&#8221;4.22.1&#8243; _module_preset=&#8221;983ed5b3-b5b6-49ee-b56b-7b0ea7d10779&#8243; button_icon=&#8221;&#xf061;||fa||900&#8243; button_on_hover=&#8221;off&#8221; custom_padding=&#8221;20px|70px|20px|20px|true|false&#8221; custom_css_main_element=&#8221;width: fit-content !important;||display: flex;||align-items: center;&#8221; custom_css_after=&#8221;margin-left: unset !important;||    left: unset !important;||    margin-right: 0;||    right: 0;||background-color: #AF3333;||    width: 50px;||    height: 100%;||    display: flex !important;||    justify-content: center;||    align-items: center;||    top: 0;&#8221; global_colors_info=&#8221;{}&#8221; button_text_color__hover=&#8221;#FFFFFF&#8221; button_bg_color__hover_enabled=&#8221;on|hover&#8221; button_bg_color__hover=&#8221;#af3333&#8243; custom_css_after_last_edited=&#8221;off|desktop&#8221; custom_css_after__hover_enabled=&#8221;on|hover&#8221; custom_css_after__hover=&#8221;background-color: #9b0000;||color: #fff&#8221;][\/et_pb_button][\/et_pb_column][et_pb_column type=&#8221;2_5&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2023\/09\/Debashish-Chakrabarty_Market-Forces_01.jpg&#8221; alt=&#8221;Periphery\u2019s Echo &#8211; 1 by Debashish Chakrabarty&#8221; title_text=&#8221;Debashish Chakrabarty_Market Forces_01&#8243; _builder_version=&#8221;4.22.1&#8243; _module_preset=&#8221;default&#8221; box_shadow_style=&#8221;preset2&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#f7f7f7&#8243; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;25px||25px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>Why GE Vernova?<\/h2>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.19.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Although the International Energy Agency (IEA)\u2019s <a href=\"https:\/\/www.iea.org\/reports\/world-energy-outlook-2022\" target=\"_blank\" rel=\"noopener\">Net Zero Emissions by 2050 Scenario<\/a> (NZE2050) makes clear that achieving net zero emissions by 2050 leaves an extremely limited and narrowing role for fossil fuels in electricity generation, GE Vernova seeks to expand its business in new LNG to power projects planned to operate for decades. These include almost 25 gigawatts (Annex A) of LNG to power projects in Vietnam and Bangladesh. As such, GE Vernova would be at risk of failing to meet its already inadequate emissions targets.<\/p>\n<p>GE Vernova\u2019s stated singular mission of \u201caddressing the climate crisis\u201d rests in stark contradiction to pursuing and developing projects that are incompatible with global climate goals. Such a disconnect puts the company at risk of being accused of \u201cgreenwashing\u201d.<\/p>\n<p>These investments also create financial risks for GE Vernova when <a href=\"https:\/\/theinvestor.vn\/soaring-lng-price-casts-doubt-over-lng-to-power-plant-bankability-pm-d715.html\" target=\"_blank\" rel=\"noopener\">Vietnam<\/a> and <a href=\"https:\/\/ember-climate.org\/insights\/commentary\/spot-market-lng-imports-can-cost-bangladesh-11-billion\/\" target=\"_blank\" rel=\"noopener\">Bangladesh<\/a> (and other countries) could respond to high LNG prices by shifting to alternative energy sources.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#efefef&#8221; custom_padding=&#8221;25px||25px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2 style=\"text-align: center;\">How GE Vernova is driving climate change<\/h2>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_3,1_3,1_3&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.20.0&#8243; _module_preset=&#8221;default&#8221; max_width=&#8221;70%&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.20.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#FFFFFF&#8221; custom_padding=&#8221;1em|1em|1em|1em|false|false&#8221; border_width_left=&#8221;3px&#8221; border_color_left=&#8221;#16827a&#8221; box_shadow_style=&#8221;preset2&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.19.4&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>GE Vernova is reportedly involved in almost <strong>25 gigawatts<\/strong> (Annex A) of LNG to power projects in Vietnam and Bangladesh, which will likely operate to 2050 and beyond.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#FFFFFF&#8221; custom_padding=&#8221;1em|1em|1em|1em|false|false&#8221; border_width_left=&#8221;3px&#8221; border_color_left=&#8221;#d49724&#8243; box_shadow_style=&#8221;preset2&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>GE <a href=\"https:\/\/www.ge.com\/content\/dam\/gepower-new\/global\/en_US\/downloads\/gas-new-site\/future-of-energy\/ge-future-of-energy-white-paper.pdf\">Vernova continues to rely on scenarios<\/a> that fail to meet its own Net Zero by 2050 emissions goal, such as the IEA\u2019s Stated Policies Scenario, consistent with a catastrophic 2.5\u00b0C of warming and not reaching net zero emissions this century.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#FFFFFF&#8221; custom_padding=&#8221;1em|1em|1em|1em|false|false&#8221; border_width_left=&#8221;3px&#8221; border_color_left=&#8221;#d0232c&#8221; box_shadow_style=&#8221;preset2&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.19.4&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>In the Chattogram region of Bangladesh alone, gas or LNG to power projects with GE involvement would add approximately 430 million tonnes of carbon dioxide equivalent (CO2-e) to the atmosphere throughout the plants\u2019 operational lives.<\/p>\n<p><strong>This is equivalent to almost double the <a href=\"https:\/\/www.climatewatchdata.org\/countries\/BGD\" target=\"_blank\" rel=\"noopener\">annual national emissions<\/a> of Bangladesh (Annex B).<\/strong><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;25px||25px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_testimonial author=&#8221;Dr. Khondaker Golam Moazzem, Research Director, Centre for Policy Dialogue (CPD)&#8221; portrait_width=&#8221;1px&#8221; portrait_height=&#8221;1px&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; body_font_size=&#8221;24px&#8221; author_font_size=&#8221;15px&#8221; company_font_size=&#8221;15px&#8221; link_option_url_new_window=&#8221;on&#8221; border_radii_portrait=&#8221;on|0px|0px|0px|0px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">Those who are currently investing in fossil fuels in Bangladesh &#8211; I would like to urge them not to invest in fossil fuels, but instead invest your money in renewable energy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u09af\u09be\u09b0\u09be \u098f\u0987 \u09ae\u09c1\u09b9\u09c2\u09b0\u09cd\u09a4\u09c7 \u09ac\u09be\u0982\u09b2\u09be\u09a6\u09c7\u09b6\u09c7 \u099c\u09c0\u09ac\u09be\u09b8\u09cd\u09ae \u099c\u09cd\u09ac\u09be\u09b2\u09be\u09a8\u09bf\u09a4\u09c7 \u09ac\u09bf\u09a8\u09cb\u09df\u09cb\u0997 \u0995\u09b0\u099b\u09c7 &#8211; <\/span><span style=\"font-weight: 400;\">\u09a4\u09be\u09a6\u09c7\u09b0\u0995\u09c7 \u09ac\u09b2\u09a4\u09c7 \u099a\u09be\u0987 \u09af\u09c7 \u0986\u09aa\u09a8\u09be\u09b0\u09be \u0993\u0987 \u09ac\u09bf\u09a8\u09bf\u09df\u09cb\u0997 \u098f\u09b0 \u099f\u09be\u0995\u09be\u099f\u09bf \u099c\u09c0\u09ac\u09be\u09b8\u09cd\u09ae \u099c\u09cd\u09ac\u09be\u09b2\u09be\u09a8\u09bf\u09a4\u09c7 \u09ac\u09bf\u09a8\u09bf\u09df\u09cb\u0997 \u09a8\u09be \u0995\u09b0\u09c7, \u09a8\u09ac\u09be\u09df\u09a8\u09af\u09cb\u0997\u09cd\u09af \u099c\u09cd\u09ac\u09be\u09b2\u09be\u09a8\u09bf\u09a4\u09c7 \u09ac\u09bf\u09a8\u09bf\u09df\u09cb\u0997 \u0995\u09b0\u09c1\u09a8\u0964<\/span><\/p>\n<p>[\/et_pb_testimonial][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2023\/01\/2.png&#8221; title_text=&#8221;2&#8243; align=&#8221;center&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2023\/01\/4.png&#8221; alt=&#8221;Quote from Ismail Pasha, Crab Farmer, Moheskali, Chattogram, Bangladesh&#8221; title_text=&#8221;Quote from Ismail Pasha, Crab Farmer, Moheskali, Chattogram, Bangladesh&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: left;\"><em>These are members of communities who would be affected by proposed projects with GE involvement in Bangladesh. Credit: Market Forces<\/em><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#f7f7f7&#8243; custom_padding=&#8221;25px||25px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>About GE Vernova<\/h2>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;||2px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3>GE Vernova\u2019s commitments<\/h3>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.22.1&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>GE spun off its power business into a new entity called \u201cGE Vernova\u201d housing GE\u2019s thermal, nuclear and renewable power divisions. This new entity is working hard to try and emphasise its green credentials (its name comes from the Latin for new green). We anticipate the company will also take on GE\u2019s commitment to achieve <a href=\"https:\/\/www.ge.com\/sites\/default\/files\/ge2021_sustainability_executive_summary_en.pdf\" target=\"_blank\" rel=\"noopener\">net zero emissions<\/a> by 2050, including its significant Scope 3 emissions from use of sold products.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3>GE Vernova risks stranded assets<\/h3>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>A core part of GE Vernova\u2019s power business is the revenue generated from services, in which GE Vernova provides long-term operating and maintenance contracts for the gas turbines it sells to its customers. GE Vernova\u2019s reliance on this component of the power business has grown in recent years, with service revenue accounting for 70% of power revenue in 2021, up from 56% in 2017.<\/p>\n<p>With gas-fired power rapidly facing out-competition by renewables, not least in emerging Asia, GE Vernova\u2019s service business could struggle to maintain profitability over the long-term. The Institute for Energy Economics and Financial Analysis (<a href=\"https:\/\/ieefa.org\/resources\/economic-case-lng-asia-crumbling\" target=\"_blank\" rel=\"noopener\">IEEFA<\/a>) has estimated that \u201cas long as unaffordable LNG prices and procurement challenges persist, US$96.7 billion dollars of proposed LNG-related infrastructure projects in Pakistan, Bangladesh, Vietnam, and the Philippines will face a heightened risk of underutilization or cancellation.\u201d This means a significant risk not only that GE Vernova-sponsored projects will destroy value, but that Vernova\u2019s service-focused business model could come under pressure.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3>GE Vernova undercutting renewable business<\/h3>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>GE Vernova is one of the largest wind turbine manufacturers in the world, ranking <a href=\"https:\/\/about.bnef.com\/blog\/vestas-leaves-competitors-trailing-as-wind-industry-posts-another-record-year-of-almost-100-gigawatts\/\" target=\"_blank\" rel=\"noopener\">fifth<\/a> globally for additional commissioned wind capacity in 2021 and <a href=\"https:\/\/about.bnef.com\/blog\/global-wind-industry-had-a-record-near-100gw-year-as-ge-goldwind-took-lead-from-vestas\/\" target=\"_blank\" rel=\"noopener\">first<\/a> in 2020. In NZE2050, the IEA projects the world would require an enormous <a href=\"https:\/\/www.iea.org\/reports\/world-energy-outlook-2022\" target=\"_blank\" rel=\"noopener\">7,800 TWh of wind electricity generation by 2030<\/a>, a five-fold increase on 2020 levels. GE Vernova is well-positioned to help meet this demand given its position in and knowledge of the global wind turbine manufacturing sector.<\/p>\n<p>Nevertheless, GE Vernova is undermining its green credentials through its ongoing involvement in expansionary LNG and fossil gas projects. Moreover, GE Vernova is shooting itself in the foot by undermining the potential of renewables in <a href=\"http:\/\/ge.com\/content\/dam\/gepower\/global\/en_US\/documents\/future-of-energy\/ge-future-of-energy-white-paper.pdf\" target=\"_blank\" rel=\"noopener\">official white papers<\/a>, underplaying wind and solar power\u2019s potential for decarbonisation to investors and customers and claiming fossil gas is needed for a secure energy future. Unless the company changes tack, GE Vernova could potentially lose out on securing a leading position as a renewables producer as the world transitions to net zero.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3>Hydrogen retrofitting is costly and inefficient<\/h3>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>GE Vernova has been signalling to its customers that the stranded asset risk of its gas turbines can be addressed by simply retrofitting them to be powered by hydrogen.<\/p>\n<p>There are several pitfalls in GE Vernova\u2019s claims and ambition. <a href=\"https:\/\/energyinnovation.org\/wp-content\/uploads\/2022\/04\/Assessing-the-Viability-of-Hydrogen-Proposals.pdf\" target=\"_blank\" rel=\"noopener\">A report<\/a> on hydrogen\u2019s future in the energy system by independent US energy policy think-tank, Energy Innovation Policy &amp; Technology LLC found that using hydrogen for power generation is uneconomical, unproven, risky, and inefficient.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2023\/01\/Renewable-Energy-vs-Green-Hydrogen-for-energy.png&#8221; title_text=&#8221;Renewable Energy vs Green Hydrogen for energy&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#0b6760&#8243; custom_padding=&#8221;75px||75px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#FFFFFF&#8221; custom_padding=&#8221;1.5em|1.5em|1.5em|1.5em|false|false&#8221; hover_enabled=&#8221;0&#8243; box_shadow_style=&#8221;preset2&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;18px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><strong>GE Vernova must address these risks by:<\/strong><\/p>\n<ul>\n<li><strong>not building any new LNG to power projects, given the unacceptable financial, environmental and social risks attached to such projects, and,<br \/><\/strong><\/li>\n<li><strong>announcing its exit from proposed LNG projects in Bangladesh and Vietnam<\/strong><\/li>\n<\/ul>\n<p>Investors must pay keen attention to hints of greenwashing to ensure the company\u2019s activities do not undermine investors\u2019 own climate commitments<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#FFFFFF&#8221; custom_padding=&#8221;25px||50px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;50px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3>Annex A: List of 25 GW LNG projects with GE Vernova involvement in Bangladesh and Vietnam<\/h3>\n<p>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.19.4&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||||false|false&#8221; custom_padding=&#8221;0px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]\n<div class=\"wpdt-c wdt-skin-material\">\n    \n    <input type=\"hidden\" id=\"wdtNonceFrontendServerSide_180\" name=\"wdtNonceFrontendServerSide_180\" 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A\",\"datepickFormat\":\"dd\\\/mm\\\/yy\"}'\/>\n\n    <table id=\"table_1\"\n           class=\"  responsive display nowrap wdt-no-display data-t data-t wpDataTable wpDataTableID-180 \"\n           style=\"\"\n           data-described-by='table_1_desc'\n           data-wpdatatable_id=\"180\">\n        \n        <!-- Table header -->\n        \n<thead>\n<tr>\n                    <th\n                        class=\" wdtheader sort numdata integer \"\n        style=\"\">        wdt_ID<\/th>        <th\n        data-class=\"expand\"                class=\" wdtheader sort \"\n        style=\"\">        Project name<\/th>        <th\n                data-hide=\"phone\"        class=\"phone wdtheader sort \"\n        style=\"\">        Country<\/th>        <th\n                data-hide=\"phone\"        class=\"phone wdtheader sort numdata integer \"\n        style=\"\">        Size<\/th>        <th\n                data-hide=\"phone\"        class=\"phone wdtheader sort \"\n        style=\"\">        Unit<\/th>        <th\n                data-hide=\"phone\"        class=\"phone wdtheader sort \"\n        style=\"\">        Type of LNG asset<\/th>        <th\n                data-hide=\"phone\"        class=\"phone wdtheader sort \"\n        style=\"\">        Sources<\/th>    <\/tr>\n<\/thead>\n        <!-- \/Table header -->\n\n        <!-- Table body -->\n        \n<tbody>\n<!-- Table body -->\n<div data-id=\"180\"\n     class=\"wdt-timeline-item wdt-timeline-table_1\"\n     style=\"\">\n    <div class=\"wdt-table-loader\">\n        <div class=\"wdt-table-loader-row wdt-table-loader-header\">\n            <div class=\"wdt-table-loader-header-cell wdt-animated-background\"><\/div>\n            <div class=\"wdt-table-loader-header-cell wdt-animated-background\"><\/div>\n            <div class=\"wdt-table-loader-header-cell wdt-animated-background\"><\/div>\n        <\/div>\n                    <div class=\"wdt-table-loader-row\">\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n                    <div class=\"wdt-table-loader-row\">\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n                    <div class=\"wdt-table-loader-row\">\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n                    <div class=\"wdt-table-loader-row\">\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n                    <div class=\"wdt-table-loader-row\">\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n                    <div class=\"wdt-table-loader-row\">\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n                    <div class=\"wdt-table-loader-row\">\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n                    <div class=\"wdt-table-loader-row\">\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n                    <div class=\"wdt-table-loader-row\">\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n                    <div class=\"wdt-table-loader-row\">\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n            <\/div>\n<\/div><!-- \/Table body -->\n                    <tr id=\"table_180_row_0\"\n            data-row-index=\"0\">\n                            <td style=\"\">1<\/td>\n                            <td style=\"\">Maheshkhali LNG Power Plant<\/td>\n                            <td style=\"\">Bangladesh<\/td>\n                            <td style=\"\">3,600<\/td>\n                            <td style=\"\">MW<\/td>\n                            <td style=\"\">LNG Power Plant<\/td>\n                            <td style=\"\"><p><a href=\"https:\/\/thefinancialexpress.com.bd\/public\/economy\/bangladesh\/bpdb-ge-\" target=\"_blank\" rel=\"noopener\">https:\/\/thefinancialexpress.com.bd\/public\/economy\/bangladesh\/bpdb-ge-<\/a><\/p>\n<p><a href=\"https:\/\/archive.dhakatribune.com\/bangladesh\/power-energy\/2018\/07\/12\/mou-signed-for-largest-lng-based-power-plant\" target=\"_blank\" rel=\"noopener\">https:\/\/archive.dhakatribune.com\/bangladesh\/power-energy\/2018\/07\/12\/mou-signed-for-largest-lng-based-power-plant<\/a><\/p><\/td>\n                    <\/tr>\n                            <tr id=\"table_180_row_1\"\n            data-row-index=\"1\">\n                            <td style=\"\">2<\/td>\n                            <td style=\"\">Matarbari Summit LNG Power Plant<\/td>\n                            <td style=\"\">Bangladesh<\/td>\n                            <td style=\"\">2,400<\/td>\n                            <td style=\"\">MW<\/td>\n                            <td style=\"\">LNG Power Plant<\/td>\n                            <td style=\"\"><p><a href=\"https:\/\/archive.dhakatribune.com\/bangladesh\/power-energy\/2018\/07\/11\/summit-signs-3-billion-investment-deal-with-ge-and-mitsubishi\" target=\"_blank\" rel=\"noopener\">https:\/\/archive.dhakatribune.com\/bangladesh\/power-energy\/2018\/07\/11\/summit-signs-3-billion-investment-deal-with-ge-and-mitsubishi<\/a><\/p>\n<p><a href=\"https:\/\/summitpowerinternational.com\/summit-power-international-signs-mou-mitsubishi-corporation-us3-billion-integrated-lng-terminal-and%20\" target=\"_blank\" rel=\"noopener\">https:\/\/summitpowerinternational.com\/summit-power-international-signs-mou-mitsubishi-corporation-us3-billion-integrated-lng-terminal-and\u00a0<\/a><\/p><\/td>\n                    <\/tr>\n                            <tr id=\"table_180_row_2\"\n            data-row-index=\"2\">\n                            <td style=\"\">3<\/td>\n                            <td style=\"\">Meghnaghat (Unique)<\/td>\n                            <td style=\"\">Bangladesh<\/td>\n                            <td style=\"\">584<\/td>\n                            <td style=\"\">MW<\/td>\n                            <td style=\"\">Gas\/ LNG Power Plant<\/td>\n                            <td style=\"\"><p><a href=\"https:\/\/umplbd.com\/\" target=\"_blank\" rel=\"noopener\">https:\/\/umplbd.com\/ <\/a><\/p>\n<p><a href=\"https:\/\/www.aiib.org\/en\/projects\/details\/2022\/approved\/Bangladesh-Unique-Meghnaghat-IPP.html%20\" target=\"_blank\" rel=\"noopener\">https:\/\/www.aiib.org\/en\/projects\/details\/2022\/approved\/Bangladesh-Unique-Meghnaghat-IPP.html\u00a0<\/a><\/p><\/td>\n                    <\/tr>\n                            <tr id=\"table_180_row_3\"\n            data-row-index=\"3\">\n                            <td style=\"\">4<\/td>\n                            <td style=\"\">Mirsharai 660MW power project<\/td>\n                            <td style=\"\">Bangladesh<\/td>\n                            <td style=\"\">660<\/td>\n                            <td style=\"\">MW<\/td>\n                            <td style=\"\">Gas\/ LNG Power Plant<\/td>\n                            <td style=\"\"><p><a href=\"https:\/\/www.thedailystar.net\/business\/economy\/news\/govt-build-660mw-plant-mirsarai-2928596\" target=\"_blank\" rel=\"noopener\">https:\/\/www.thedailystar.net\/business\/economy\/news\/govt-build-660mw-plant-mirsarai-2928596<\/a><\/p><\/td>\n                    <\/tr>\n                            <tr id=\"table_180_row_4\"\n            data-row-index=\"4\">\n                            <td style=\"\">5<\/td>\n                            <td style=\"\">Bac Lieu (I, II, II + IV)<\/td>\n                            <td style=\"\">Vietnam<\/td>\n                            <td style=\"\">3,200<\/td>\n                            <td style=\"\">MW<\/td>\n                            <td style=\"\">LNG Power Plant<\/td>\n                            <td style=\"\"><p><a href=\"https:\/\/deltaoffshoreenergy.com\/2020\/10\/28\/delta-signs-3billion-3-2-gw-power-plant-agreement\/\" target=\"_blank\" rel=\"noopener\">https:\/\/deltaoffshoreenergy.com\/2020\/10\/28\/delta-signs-3billion-3-2-gw-power-plant-agreement\/ <\/a><\/p>\n<p><a href=\"https:\/\/www.ijglobal.com\/articles\/149254\/vietnam-lng-to-power-to-submit-ppa-heads-of-terms\" target=\"_blank\" rel=\"noopener\">https:\/\/www.ijglobal.com\/articles\/149254\/vietnam-lng-to-power-to-submit-ppa-heads-of-terms<\/a> (subscription source)<\/p><\/td>\n                    <\/tr>\n                            <tr id=\"table_180_row_5\"\n            data-row-index=\"5\">\n                            <td style=\"\">6<\/td>\n                            <td style=\"\">Chan May (Phases 1 and 2)<\/td>\n                            <td style=\"\">Vietnam<\/td>\n                            <td style=\"\">4,000<\/td>\n                            <td style=\"\">MW<\/td>\n                            <td style=\"\">LNG Power Plant<\/td>\n                            <td style=\"\"><p><a href=\"https:\/\/chanmaylng.com\/src\/NYTimes.pdf\" target=\"_blank\" rel=\"noopener\">https:\/\/chanmaylng.com\/src\/NYTimes.pdf<\/a><\/p>\n<p><a href=\"https:\/\/www.ijglobal.com\/articles\/148935\/us-vietnam-jv-to-invest-in-vietnam-lng\" target=\"_blank\" rel=\"noopener\">https:\/\/www.ijglobal.com\/articles\/148935\/us-vietnam-jv-to-invest-in-vietnam-lng<\/a> (subscription source)<\/p><\/td>\n                    <\/tr>\n                            <tr id=\"table_180_row_6\"\n            data-row-index=\"6\">\n                            <td style=\"\">7<\/td>\n                            <td style=\"\">LNG Cai Mep Ha<\/td>\n                            <td style=\"\">Vietnam<\/td>\n                            <td style=\"\">6,000<\/td>\n                            <td style=\"\">MW<\/td>\n                            <td style=\"\">LNG Power Plant<\/td>\n                            <td style=\"\"><p><a href=\"https:\/\/ustda.gov\/resource-guides\/2021-indo-pacific-resource-guide\/\" target=\"_blank\" rel=\"noopener\">https:\/\/ustda.gov\/resource-guides\/2021-indo-pacific-resource-guide\/<\/a> (p346)<\/p><\/td>\n                    <\/tr>\n                            <tr id=\"table_180_row_7\"\n            data-row-index=\"7\">\n                            <td style=\"\">8<\/td>\n                            <td style=\"\">LNG Long Son I<\/td>\n                            <td style=\"\">Vietnam<\/td>\n                            <td style=\"\">1,200<\/td>\n                            <td style=\"\">MW<\/td>\n                            <td style=\"\">LNG Power Plant<\/td>\n                            <td style=\"\"><p><a href=\"https:\/\/e.vnexpress.net\/news\/business\/companies\/genco-3-inks-deal-with-ge-for-lng-power-plant-4195600.html\" target=\"_blank\" rel=\"noopener\">https:\/\/e.vnexpress.net\/news\/business\/companies\/genco-3-inks-deal-with-ge-for-lng-power-plant-4195600.html<\/a><\/p>\n<p><a href=\"https:\/\/www.genco3.com\/en-US\/new\/evngenco-3-news-1\/vung-tau-city-long-son-power-complex-project-with-a-total-value-of-more-than-37-billion-usd-is-launched-in-the-quarter-iv2021%20\" target=\"_blank\" rel=\"noopener\">https:\/\/www.genco3.com\/en-US\/new\/evngenco-3-news-1\/vung-tau-city-long-son-power-complex-project-with-a-total-value-of-more-than-37-billion-usd-is-launched-in-the-quarter-iv2021\u00a0<\/a><\/p><\/td>\n                    <\/tr>\n                            <tr id=\"table_180_row_8\"\n            data-row-index=\"8\">\n                            <td style=\"\">9<\/td>\n                            <td style=\"\">Long An I and II<\/td>\n                            <td style=\"\">Vietnam<\/td>\n                            <td style=\"\">3,000<\/td>\n                            <td style=\"\">MW<\/td>\n                            <td style=\"\">LNG Power Plant<\/td>\n                            <td style=\"\"><p><a href=\"https:\/\/www.spglobal.com\/commodityinsights\/en\/market-insights\/latest-news\/natural-gas\/102920-us-boosts-energy-infrastructure-push-in-vietnam-with-raft-of-lng-to-power-deals\" target=\"_blank\" rel=\"noopener\">https:\/\/www.spglobal.com\/commodityinsights\/en\/market-insights\/latest-news\/natural-gas\/102920-us-boosts-energy-infrastructure-push-in-vietnam-with-raft-of-lng-to-power-deals <\/a><\/p>\n<p>\u2018PDP8 details mega projects\u2019, Project Finance International (subscription source)<\/p><\/td>\n                    <\/tr>\n            <\/tbody>        <!-- \/Table body -->\n\n        <!-- Table footer -->\n        \n        <!-- \/Table footer -->\n    <\/table>\n\n<\/div><style>\ntable.wpDataTable { table-layout: fixed !important; }\ntable.wpDataTable td, table.wpDataTable th { white-space: normal !important; }\nbutton.button.btn.wdt-clear-filters-button {\n\tbackground: #ffffff;\n\tborder-style: solid;\n\tborder-width: 2px;\n\tborder-color: #903e4c;\n\ttext-shadow: 0px 0px;\n}\n\ndiv.wpDataTables.wpDataTablesFilter.wpDataTablesWrapper.data-t {\n\tmargin-bottom: 0px;\n}\n\ndiv.wpDataTableFilterSection {\n\tmargin-bottom: 0px !important;\n}table.wpDataTable td.numdata { text-align: right !important; }\n<\/style>\n<style>\n            \/* th background color *\/\n    .wpdt-c.wpDataTablesWrapper table.wpdtSimpleTable.bt[data-has-header='1'] td.wpdt-header-classes,\n    .wpdt-c.wpDataTablesWrapper table.wpdtSimpleTable thead th,\n    .wpdt-c .wpDataTablesWrapper table.wpDataTable thead th,\n    .wpdt-c .wpDataTablesWrapper table.wpDataTable thead th.sorting {\n        background-color: #F06400 !important;\n        background-image: none !important;\n    }\n\n                \/* th font color *\/\n    .wpdt-c.wpDataTablesWrapper table.wpdtSimpleTable.bt[data-has-header='1'] td.wpdt-header-classes,\n    .wpdt-c.wpDataTablesWrapper table.wpdtSimpleTable thead th,\n    .wpdt-c .wpDataTablesWrapper table.wpDataTable thead th {\n        color: #ffffff !important;\n    }\n\n    .wpdt-c .wpDataTablesWrapper table.wpDataTable thead th.sorting:after,\n    .wpdt-c .wpDataTablesWrapper table.wpDataTable thead th.sorting_asc:after {\n        border-bottom-color: #ffffff !important;\n    }\n\n    .wpdt-c .wpDataTablesWrapper table.wpDataTable thead th.sorting_desc:after {\n        border-top-color: #ffffff !important;\n    }\n\n        \n                                                                                            \/* table font size *\/\n    .wpdt-c.wpDataTablesWrapper table.wpdtSimpleTable,\n    .wpdt-c .wpDataTablesWrapper table.wpDataTable {\n        font-size: 14px !important;\n    }\n\n            \n                <\/style>\n<style>\n<\/style>\n<style>\n            \/* th background color *\/\n    .wpdt-c.wpDataTablesWrapper table.wpdtSimpleTable.bt[data-has-header='1'] td.wpdt-header-classes,\n    .wpdt-c.wpDataTablesWrapper table#wpdtSimpleTable-180 thead th,\n    .wpdt-c .wpDataTablesWrapper table.wpDataTable.wpDataTableID-180 > thead > tr > th,\n    .wpdt-c .wpDataTablesWrapper table.wpDataTable.wpDataTableID-180 thead th,\n    .wpdt-c .wpDataTablesWrapper table.wpDataTable.wpDataTableID-180 thead th.sorting {\n        background-color: #d0232c !important;\n        background-image: none !important;\n    }\n\n                        \n                                        \n                    \n<\/style>\n[\/et_pb_code][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3>Annex B: Emission calculations<\/h3>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>The proposed LNG projects are assumed to have a 50% average capacity factor across a 30-year economic lifetime. Emissions estimates are based on median lifecycle emissions from combined cycle gas power of 490 gCO2eq\/kWh, according to IPCC 2014, p1335, citing Schlo\u0308mer S., T. Bruckner, L. Fulton, E. Hertwich, A. McKinnon, D. Perczyk, J. Roy, R. Schaeffer, R. Sims, P. Smith, and R. Wiser. (2014). Annex III: Technology-specific cost and performance parameters. In: Climate Change 2014: Mitigation of Climate Change. Contribution of Working Group III to the Fifth Assessment Report of the Intergovernmental Panel on Climate Change [Edenhofer, O., R. Pichs-Madruga, Y. Sokona, E. Farahani, S. Kadner, K. Seyboth, A. Adler, I. Baum, S. Brunner, P. Eickemeier, B. Kriemann, J. Savolainen, S. Schlo\u0308mer, C. von Stechow, T. Zwickel and J.C. Minx (eds.)]. Cambridge University Press, Cambridge, United Kingdom and New York, NY, USA.<br \/><a href=\"https:\/\/www.ipcc.ch\/site\/assets\/uploads\/2018\/02\/ipcc_wg3_ar5_annex-iii.pdf#page=7\" target=\"_blank\" rel=\"noopener\">https:\/\/www.ipcc.ch\/site\/assets\/uploads\/2018\/02\/ipcc_wg3_ar5_annex-iii.pdf#page=7<\/a><\/p>\n<p>GE Vernova projects in Chattagram, Bangladesh adding up to 6660MW X Hours in the year X 30 years assumed expected lifetime operation X 50% capacity factor X IPCC 2014 combined cycle gas power emission intensity of 490 gCO2eq\/kWh = 429 million tonnes of CO2 equivalent (MtCO2-e) (approx.)<\/p>\n<p>Bangladesh\u2019s 2019 annual emissions was 237.7 MtCO2-e<br \/><a href=\"https:\/\/www.climatewatchdata.org\/countries\/BGD\" target=\"_blank\" rel=\"noopener\">https:\/\/www.climatewatchdata.org\/countries\/BGD<\/a><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#ededed&#8221; custom_padding=&#8221;25px||50px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3>Disclaimer<\/h3>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>GE Vernova spun-off from GE in April 2, 2024. This webpage is intended to convey factual information about GE Vernova, the new entity housing GE&#8217;s energy division following the spin-off.<\/p>\n<p>Information comes from the companies\u2019 available annual reports and websites, Refinitiv Eikon, Bloomberg and various news reports.<\/p>\n<p>Occasionally where information is incomplete, assumptions must be made about data and these were made in a consistent manner and in good faith. Whilst we have endeavoured to gather and include all relevant deals, we cannot guarantee the completeness of the information presented.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GE Vernova&#8217;s power business risks being greenwashAdaro mine in Indonesia. Photo credit: WALHI South KalimantanGE Vernova is trying to portray a green image.\u00a0 While the word Vernova means \u201cnew green\u201d, the company has vast fossil fuel holdings, with business strategies that still bulldozing ahead with plans for new liquified natural gas (LNG) power plants in [&hellip;]<\/p>\n","protected":false},"author":64,"featured_media":0,"parent":62186,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"class_list":["post-67262","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>General Electric - Market Forces<\/title>\n<meta name=\"description\" content=\"GE\u2019s continued liquefied natural gas (LNG gas) project expansion plans run contrary to prevailing market conditions in Asia Pacific and its own net zero emissions by 2050 goals.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketforces.org.au\/campaigns\/asia\/general-electric\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"General Electric - 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