The times. (Gainesville, Ga.) 1972-current, December 28, 2018, Image 10
10A Friday, December 28, 2018 The Times, Gainesville, Georgia | gainesvilletimes.com WORLD US fossil fuel exports spur growth, climate worries AHN Y0UNG-J00N I Associated Press Song Ha-dong, a senior official from Daewoo Shipbuilding and Marine Engineering, speaks during an interview on the building of a large sized liquefied natural gas (LNG) carrier, Friday, Dec. 7, at the Daewoo Shipbuilding and Marine Engineering facility in Geoje Island, South Korea. BY MICHAEL BIESECKER AND KIM TONG-HYUNG Associated Press GEOJEDO, South Korea — In South Korea’s largest ship yard, thousands of workers in yellow hard hats move ceaselessly between towering cranes lifting hulks of steel. They look like a hive of bees scurrying over a massive circuit board as they weld together the latest additions to the rapidly growing fleet of tankers carrying super-chilled liquefied natural gas across the world’s oceans. The boom in fossil-fuel produc tion in the United States has been matched by a rush on the other side of the Pacific to build the infrastructure needed to respond to the seemingly unquenchable thirst for energy among Asia’s top economies. When Congress lifted restrictions on shipping crude oil overseas in 2015, soon after the Obama administration opened the doors for international sales of natural gas, even the most booster- ish of Texas oil men wouldn’t have predicted the U.S. could become one of the world’s biggest fossil- fuel exporters so quickly. Climate experts say there is little doubt increased American produc tion and exports are contributing to the recent rise in planet-warming carbon emissions by helping keep crude prices low, increasing con sumption in developing economies. Backers of U.S. exports of liq uefied natural gas, or LNG, argue that the boom will produce envi ronmental benefits because it will help China and other industrial nations wean themselves from coal and other dirtier fossil fuels. Environmentalists counter that the massive new supplies unleashed by American advances in extracting natural gas from shale doesn’t just make coal-fired power plants less competitive. LNG also competes with such zero- carbon sources of electricity as nuclear, solar and wind — poten tially delaying the full adoption of greener sources. That’s time climate scientists and research ers say the world doesn’t have if humans hope to mitigate the worst- case consequences of our carbon emissions, including catastrophic sea-level rise, stronger storms and more wildfires. “Typically, infrastructure has multi-decadal lifespans,” said Katharine Hayhoe, a climate sci entist and director of the Climate Science Center at Texas Tech Uni versity. “So, if we build a natural- gas plant today, that will impact carbon emissions over decades to come. So those are the criti cal and crucial decisions that are being made today. Do we increase access to and use of fossil fuels, or do we make decisions that limit and eventually reduce access to fossil fuels?” While it is difficult to estimate how much America’s rise as major exporter of fossil fuels is contribut ing to a hotter climate, some of the economic benefits are plain to see in South Korea’s shipyards. At the sprawling Daewoo Ship building and Marine Engineer ing facility on the island of Geoje, more than half of the 35 vessels scheduled for delivery in 2018 were LNG carriers. A similar num ber of vessels are lined up for com pletion next year. It’s the same story at the two other major Korean yards. The construction of the big gas tankers has been credited with lifting the nation’s shipbuilding sector out of the doldrums from a decade ago, when the Great Recession caused a downturn in transoceanic trade. South Korea’s big three ship builders — Daewoo, Hyundai Heavy Industries and Samsung Heavy Industries — won orders for 53 new LNG carriers in 2018 at about $200 million each, soak ing up the lion’s share of the 62 vessels ordered globally, accord ing to numbers compiled by the London-based shipping group Clarkson Research. South Korea is expected to finish 2018 at the top spot in overall orders for new commercial ships, surpassing China for the first time in seven years. “We are getting out of a long tunnel,” Song Ha-dong, a senior Daewoo executive, said as he sur veyed the company’s 1,200-acre yard from above the British Con tributor, a gargantuan LNG car rier with a freshly painted deck covered in a maze of pipes. “The U.S.-led shale gas boom is getting fully under way and China, Japan and South Korea are increasing their consumption of natural gas.” During a recent visit by The Associated Press, three of the LNG carriers were being assem bled inside a massive dry dock. Another 13, including the British Contributor, had been floated out to nearby berths where workers were putting on finishing touches. Saudi king orders Cabinet shakeup after Khashoggi’s killing Photo courtesy SAUDI PRESS AGENCY I Associated Press Saudi Crown Prince Mohammed bin Salman, left, speaks to his father, King Salman, at a meeting of the Gulf Cooperation Council Dec. 9, in Riyadh, Saudi Arabia. BY AYA BATRAWY Associated Press DUBAI, United Arab Emirates — Saudi Arabia’s King Salman issued a wide- ranging overhaul of top gov ernment posts on Thursday, including naming a new foreign minister, following international fallout from the killing of Saudi writer Jamal Khashoggi three months ago. He also ordered a shakeup of the kingdom’s supreme council that oversees matters related to security. The coun cil is headed by the king’s son, Crown Prince Moham med bin Salman, whose pow ers including roles as deputy prime minister and defense minister, were untouched in the overhaul. The changes appear to further consolidate the crown prince’s grip on power by appointing to key posts advisers and members of the royal family seen as close to him. It also may signal efforts to show changes are being made after the U.S. Senate passed a resolution saying it believes the crown prince is to blame for Khashoggi’s grisly murder inside the Saudi consulate in Istanbul. As the crown prince strug gles to convince many in Washington and other West ern capitals that he had noth ing to do with Khashoggi’s killing, the soft-spoken Adel al-Jubeir was replaced as foreign minister by Ibrahim al-Assaf, a longtime former finance minister. Al-Jubeir was appointed to minister of state for foreign affairs at the Foreign Ministry. Al-Assaf is well known to international investors, having led several Saudi del egations to the World Eco nomic Forum in Davos. He served as finance minister under King Fahd and King Abdullah. Al-Assaf sits on the boards of oil-giant Saudi Aramco and the kingdom’s sover eign wealth fund. The crown prince oversees both entities. Al-Assaf had been serv ing as a minister of state last year when he was reportedly detained at the Ritz-Carlton hotel in Riyadh along with dozens of high-ranking offi cials and princes in an anti corruption sweep led by the crown prince. Shortly after, al-Assaf appeared back at a Cabinet meeting to the sur prise of many. The government did not name those detained nor disclose what crimes they were suspected of commit ting. The Associated Press could not independently confirm reports of al-Assaf’s arrest. The opaque anti-cor ruption sweep helped Prince Mohammed consolidate power and net the govern ment more than $13 billion in settlements. The changes announced Thursday include aides to the crown prince, including Musaed al-Aiban as national security adviser — in addi tion to other positions he holds — and former media minister Awwad al-Awwad as adviser to the royal court. Khalid al-Harbi was named as head of general security. Turki al-Sheikh, a confi dant of the crown prince, was removed as head of the Sports Authority and replaced by Prince Abdu- laziz bin Turki al-Faisal. This means al-Sheikh no longer oversees a cybersecurity and programming body that was led by Saud al-Qahtani, a close aide to the crown prince who was fired from his post and sanctioned by the U.S. Treasury Depart ment for helping to mas termind the plot that led to Khashoggi’s killing. Khashoggi wrote criti cally of the crown prince in columns for The Washington Post before he was killed. |ls i p> Honda 2s, 3 « SALES EVENTS BETjjTERiDEAL Jbewericar, YOimoimmwtiWm!\ 2018 ACCORD EX-L *25,916 STOCK #35102 PLUS TAX, AND FEES. 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