Social Responsibility Statement

We were founded with the express purpose of developing and deploying innovative technology to lower the cost of LNG and provide a cleaner, more affordable form of energy to the world. This aim is informed by our belief that LNG, and natural gas more broadly, are poised to play a critical role in the reduction of greenhouse gas emissions while meeting the increasing energy demands of a growing global middle class.

We believe that an effective way to reduce global emissions in accordance with the Paris Climate Accords is to displace coal fired power plants with cleaner, more efficient, natural gas-fueled, combined cycle gas turbines that can provide baseload, reliable power 24 hours a day, 7 days a week. The United States has directly benefited from this transition. According to the 2023 Annual Energy Outlook from the U.S. Energy Information Administration, total energy related CO₂ emissions in the United States fell from approximately 6.0 billion metric tonnes in 2005 to just over 5.0 billion metric tonnes in 2022. This decrease in emissions can be largely attributed to coal-to-gas switching. During this timeframe, the amount of electricity generated by coal in the US declined by approximately 1,000 billion KWh. Electricity generated by natural gas burning power plants replaced this production with gas fired electricity rising by approximately 800 billion KWh over the same time span. We believe that this direct correlation between the reduction in overall emissions from the power sector and the transition from coal to natural gas fired power plants is a powerful, clear illustration of the important role natural gas and LNG have to play in making immediate and meaningful progress in the fight against climate change. Our company’s unique modular configuration, speed of construction and ability to produce commissioning cargos during construction lowers the cost to construct and operate LNG facilities, positioning us well to serve the global community through the supply of lower-carbon intensive LNG at a price sufficient to globally incentivize the coal-to-gas switching that has already benefited the United States.

Our commitment to providing cleaner energy is the driving force behind the environmentally conscious design of our facilities and our investment in carbon capture and storage, or CCS, at each of our projects. As part of our efforts to minimize our overall emissions, we have elected to employ electrically-driven liquefaction technology that is powered by highly efficient combined cycle gas turbines. Our projects are completely air cooled (power, pre-treatment and liquefaction), rather than water cooled. Further, we use state of the art, full containment storage tanks which seek to eliminate methane release from stored LNG.

In May 2021, we announced plans for CCS facilities at or near our project sites that will be designed to compress CO₂ produced at our facilities and subsequently inject it into subsurface saline aquifers near the project sites, where it would be permanently stored. We have conducted extensive geotechnical and engineering studies to confirm the feasibility of the CCS facilities and on September 14, 2022, the State of Louisiana Mineral Board unanimously approved our CCS operating agreements for porespaces located in Plaquemines Parish and Cameron Parish. In July 2023, we filed the Class VI well permit application for the Cameron Parish CCS facilities with the EPA and we are in the process of preparing the Class VI application for Plaquemines Parish, as well as other applications for the relevant regulatory approvals necessary to commence construction. In January 2024, the EPA delegated its authority over such permits to the Louisiana Department of Natural Resources, effective February 5, 2024. We believe we are leaders in the deployment of this technology and are working closely with regulators to become among the earliest commercial scale implementers of CCS capabilities.

We aspire to set the standard for our industry in both responsible environmental stewardship and social leadership. As a result, we work to minimize impacts to the local environment and support the communities surrounding our projects.

Our facilities are and will be designed, constructed and operated to protect human health and safety and fully comply with all applicable state, local and federal regulations, codes and procedures as well as Equator Principles 4.  Our firm commitment to these areas is highlighted by our industry leading safety record. Our projects have substantially outperformed the national average of a 2.01 Total Recordable Incident Rate, or TRIR, for 2022, which represents US Bureau of Labor Statistics Heavy Construction Industry recordable incidents per one hundred workers per year. As of December 31, 2023, Calcasieu Pass and Plaquemines had industry leading TRIR’s of 0.11 and 0.25 with over 25 million work hours completed at each facility.

Further, we engage with the communities near our project sites by providing support and educational opportunities that allow local residents to develop new technical skills and succeed in related careers. To date, we have assisted with hurricane recovery in our communities, funded a food bank in the community of our first project, provided work force training to approximately 140 residents from Plaquemines Parish, and developed a public recreation complex for Cameron Parish, a product of feedback gathered from our neighbors. We believe that we are providing a significant economic catalyst to communities that have historically struggled as heavy industry in the region has declined (e.g., Gulf oil production) and hurricane damage has impacted local infrastructure and businesses.

Calcasieu Project Impact

Our Calcasieu Project aims to positively impact the surrounding community by driving economic growth, engaging with our neighbors, and investing in environmental preservation. During operations, the facility employs a total of 279 individuals, 239 of which have been hired from the surrounding communities of Allen, Beauregard, Calcasieu, Cameron, and Jeff Davis parishes with a further 12 individuals hired from the broader State of Louisiana. Beyond this direct, permanent employment, we have also dedicated significant time and effort to developing and maintaining a substantial work force training initiative. Our “Will to Skill” program has graduated 70 individuals in the Cameron, Calcasieu, Jasper, and Newton parishes and counties. Graduates were trained in welding, fiber optics, commercial driving, and maritime skill sets. Each area of focus is strategically chosen to provide a pathway to higher paying jobs that are in demand in our surrounding area. These programs were born out of our community engagement efforts. We operate a Community Advisory Group (“CAG”) with eight members whose backgrounds span from local business owners to education professionals and includes local government officials and community leaders. This CAG meets quarterly such that we are supplementing our daily interactions with the community with a formal opportunity every 90 days. From our connection with the community we fielded and acted upon requests for a grocery store, parks space, and restaurant. As a result, we have built Lighthouse Bend, a grocery store, festival pavilion, marina, and RV park which opened on July 27, 2023. The facility will employ 18 full and part time employees from the community and the grocery store averaged approximately $20,000 per month in revenue in its first six months with affordable prices. Further, we helped establish and now donate annually to support a local foodbank, the Tarpon Market, located with the South Cameron High School. Due to our support, Tarpon Market has been able to grow from servicing an initial target of 50 families to 125 unduplicated families. Our dedication to the community and commitment to playing a vital part in the transition to a more sustainable future is further demonstrated by our costal preservation and restoration efforts. To date, marsh creation and restoration activities have been initiated on approximately 136 acres, predominately within the Cameron Prairie National Wildlife Refuge. We have supplemented this effort with our purchase of wetland mitigation credits. In total, $40 million dollars has been spent on credits to fully offset our Calcasieu, Plaquemines, and CP2 projects.

Plaquemines Project Impact

Similar to our Calcasieu Pass Project, our Plaquemines Project aims to positively impact the surrounding community by driving economic growth, engaging with our neighbors, and investing in environmental preservation. While we construct the project, we will employ several thousand individuals. When filling these roles, we prioritize individuals from our community. To date, we have employed 790 individuals from Plaquemines Parish, 980 individuals from the surrounding parishes of Jefferson, Orleans, and St. Bernard, and a further 3,200 individuals from the broader State of Louisiana. During operations, the facility will employ 50 people from Plaquemines Parish, 102 people from the surrounding parishes of Jefferson, Orleans, and St. Bernard, and 60 people from the broader State of Louisiana. This commitment to working with our local stakeholders has resulted in a dramatic increase in employment in our community. According to the U.S. Census Bureau, Plaquemines Parish experienced a 2.2% decline in employment from 2020 to 2021. Our commitment to the employment of Plaquemines Parish residents means we have or will employ approximately 6.1% of the Plaquemines Parish civilian labor force, based on the latest statistics from the U.S. Census Bureau. In total, we have or will employ 5,182 residents of the state of Louisiana, meaning approximately one in every 500 workers in the state will directly benefit from the Plaquemines Project with many more benefiting indirectly. In addition to our commitment to direct employment of our community, we have also extended our “Will to Skill” program to Plaquemines Parish. In total, we have graduated approximately 140 individuals through our partnership with Nunez Community College. Graduates were trained in commercial driving, safety management, and electrical work. Similar to our experiences at Calcasieu Pass, these programs were born out of our community engagement efforts. We operate a Community Advisory Group (“CAG”) with nine members whose backgrounds span from local business owners to education professionals and includes local government officials and community leaders. This CAG meets quarterly such that we are supplementing our daily interactions with the community with a formal opportunity every 90 days. From our connection with the community we fielded and acted upon requests for funding for first responders. As such, we have purchased a new fire truck, a new ambulance, sponsored firefighting training at Texas A&M for the Plaquemines Parish Fire Department, and donated $500,000 to the Plaquemines Parish Department of Homeland Security and Emergency Preparedness to upgrade the 911 Emergency Call Center. In addition to these direct actions, our facility’s presence has provided substantial indirect benefits. For example, citing a significant uplift in tax revenue due construction of our facility, the Plaquemines Parish School Board provided a 10% raise to all teachers and staff in the parish in August of 2022, retroactive for the 2021-2022 school year, Our contributions to the community and commitment to playing a vital part in the transition to a more sustainable future is further demonstrated by our costal preservation and restoration efforts. To date, marsh creation and restoration activities have been initiated on approximately 40 acres and we have committed to ongoing monitoring of the pipeline right of way to ensure natural revegetation is occurring, We have supplemented this effort with our purchase of wetland mitigation credits. In total, $40 million dollars has been spent on credits to fully offset our Calcasieu, Plaquemines, and CP2 projects.