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Financing of the TotalEnergies project: Environmental groups call for the withdrawal of support

17/11/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Environmental lobby groups sent a letter to more than two dozen project backers on Friday, asking banks and other financiers to withdraw their support for TotalEnergies' $20 billion liquefied natural gas (LNG) terminal in Mozambique.

La lettre des groupes de pression environnementaux comes at a crucial moment for the French energy company, which is preparing to relaunch the largest foreign direct investment project in Africa. Activists warn that the project could worsen climate change and fuel human rights violations in this poor southern African country. The letter indicates that as the essential financial backer of the project, they bear direct and significant responsibility for its terrible impacts.

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