Climate warning
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BASF

Climate warning

German BASF is cementing its fossil fuel addiction until year 2043 (!)

The German chemical company has found a new gas supplier. The American LNG giant Cheniere is to deliver liquid gas from 2026. The companies enter into an unusually long contract. The German chemical group BASF has secured supplies of liquefied gas from the US energy group Cheniere. This will give BASF an alternative to Russian gas in the future. Cheniere is expected to supply BASF with 800,000 tons of American LNG annually from 2026 to 2043. The companies announced on Tuesday. With the war in Ukraine, the USA is becoming more important as an energy supplier for German companies. Because German companies with high energy consumption often rely on the cheap natural gas from Russia - and now have to look around for new suppliers. With a term of 17 years, BASF is entering into an unusually long contract with Cheniere. "By creating our own LNG supply chain with Cheniere, we are diversifying our energy and feedstock portfolio at a time of critical change in the European gas market, which is characterized by higher demand and volatile prices," said Dirk Elvermann, CFO of BASF. https://app.handelsblatt.com/unternehmen/energie/energie-basf-sichert-sich-fluessiggas-aus-den-usa/29347628.html

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BASF

41 w

We understand the concerns over our continued use of natural gas in our production. However, natural gas will remain a source of energy and an important raw material for BASF in the coming years. At the same time, our goal of reaching net zero emissions remains of utmost importance to us. In the course of the transformation towards climate neutrality, BASF has already decreased its gas demand through different measures and intends to further reduce its dependence on fossil fuels, including natural gas. Simultaneously, we are pursuing solutions like a further increase in energy efficiency, a rapid switch to renewable energies in the power supply and new technologies. We took important steps in this direction in 2021, with the investment in an offshore wind farm and the closing of long-term supply contracts for green electricity. You can find out more at https://www.basf.com/global/en/who-we-are/sustainability/we-produce-safely-and-efficiently/energy-and-climate-protection.html.

11
  • BASF

    41 w

    We understand the concerns over our continued use of natural gas in our production. However, natural gas will remain a source of energy and an important raw material for BASF in the coming years. At the same time, our goal of reaching net zero emissions remains of utmost importance to us. In the course of the transformation towards climate neutrality, BASF has already decreased its gas demand through different measures and intends to further reduce its dependence on fossil fuels, including natural gas. Simultaneously, we are pursuing solutions like a further increase in energy efficiency, a rapid switch to renewable energies in the power supply and new technologies. We took important steps in this direction in 2021, with the investment in an offshore wind farm and the closing of long-term supply contracts for green electricity. You can find out more at https://www.basf.com/global/en/who-we-are/sustainability/we-produce-safely-and-efficiently/energy-and-climate-protection.html.

    11
    • Ingmar Rentzhog

      41 w

      @BASF Thanks for answering and taking action. How are you progressing towards your net-zero targets? How much emission reduction have you succeeded with the last 3 years and what is your target in the coming 3 years? Scope 1,2,3 without carbon offsetting.

      8
      • Petter Körnemark

        41 w

        @BASF Thank you for joining the climate dialogue. How many percent of your business are fossil free solutions and what will it look like in 2030?

        3
        • Patrik Lobergh

          41 w

          @BASF Thanks for replying to the warning. What we lack are your initiative to re-engineer your current processes and ways of operation.You have a responsibility to challenge the status quo, however your answer indicates that you are not changing either the processes, nor the energy you will be consuming.This is deeply disappointing.

          4
          • Sarah Chabane

            41 w

            @BASF I think that as one of the leaders in the market you can and need to do better.

            3
            • daphney

              39 w

              @BASF yes

              1
            • Rukia Ahmed Abdi

              41 w

              2026 is too far.we cant afford to wait

              9
              • Ann Nyambura

                42 w

                This underscores the need for more ambitious corporate leadership

                9
                • We Don't Have Time

                  42 w

                  Dear Patrik Lobergh Your climate warning has received over 50 agrees! We have reached out to BASF by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

                  5
                  • Saustine Lusanzu

                    42 w

                    Let's act now, Tomorrow is too late

                    8
                    • Edwin wangombe

                      42 w

                      This is horrible 😔

                      8
                      • Patrik Lobergh

                        42 w

                        BASF is also the bad company who bought Monsanto, the former US company who is polluting the world with its poison called "Round up" (in the US). The whole BASF company is acting as a relict from the 1990's, where you could still get away with "I didn't know better"

                        10
                        • Saustine Lusanzu

                          42 w

                          This is not acceptable at all

                          10
                        • johnte ndeto

                          42 w

                          Fossil fuels should be outdated

                          12
                          • mercy nduta

                            42 w

                            @johnte_ndeto Together we have the ability to turn fossil fuels into past tense.

                            9
                          • zelda ninga

                            42 w

                            Cheap is expensive... German should invest in other sources of energy that are renewable.

                            10
                            • Joyce Waturu

                              42 w

                              The thing is that BASF is addicted to fueling the world to extinction and it seems like it's until then that they'll be quenched.

                              20
                              • Richard S

                                42 w

                                They🇩🇪 would wouldn't they🇺🇸

                                8
                                • Ingmar Rentzhog

                                  42 w

                                  We don’t have time for that

                                  21
                                  • mercy nduta

                                    42 w

                                    @Rentzhog We can and will phase out the fossil fuels worldwide.

                                    6
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