Chart Industries
GTLS
Industrials
2
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Chart Industries designs, manufactures, and services critical cryogenic equipment and process technologies for the liquefied natural gas (LNG) value chain, including for liquefaction, transportation, storage, and regasification. Its core business is providing the specialized infrastructure that enables the global trade and use of fossil natural gas.
The company's technology is foundational to the expansion of fossil fuel infrastructure. Its equipment is used in LNG export terminals, import terminals, and fueling stations, directly supporting the growth of the natural gas sector. While Chart also provides equipment for hydrogen and biogas applications, its historical revenue and current project portfolio remain heavily tied to fossil LNG development, positioning it as a key enabler of the fossil fuel industry.
Chart Industries manufactures cryogenic equipment and engineered systems that are integral to the global liquefied natural gas (LNG) supply chain, including storage tanks, heat exchangers, and processing equipment. This core business facilitates the expansion of fossil fuel infrastructure by enabling the transport and use of natural gas. The company's technology is also applied in hydrogen and carbon capture systems, though its historical revenue and operational focus remain heavily tied to LNG and other hydrocarbon processing.
The environmental impact of this business model is indirect but material. By providing critical capital equipment for LNG export terminals, import facilities, and transportation, Chart enables the lifecycle of a fossil fuel whose extraction and combustion are documented sources of ecological harm. This includes habitat disruption from pipeline and terminal construction, and the risk of methane leaks—a potent greenhouse gas—throughout the LNG value chain. The company’s own sustainability report acknowledges the environmental dimensions of its operations but does not disclose a phase-out plan for its fossil fuel-related product lines.
While Chart is not an operator of facilities that cause direct spills or contamination, its equipment is a foundational component of an industry responsible for documented environmental destruction. The company’s financial exposure to climate-related litigation is evidenced by its inclusion in analyses of firms facing growing risks from climate damage lawsuits targeting the fossil fuel industry’s infrastructure enablers.
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