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fromBusiness Matters
1 day ago

UK withdraws $1.15bn loan from Mozambique gas project over climate and security risks

The UK government has withdrawn its backing for a $1.15bn (£870m) loan to a major gas development in Mozambique, citing escalating concerns over climate impact, human rights violations and the deadly insurgency that engulfed the region. Business secretary Peter Kyle confirmed on Monday that the UK Export Finance (UKEF) agency would pull its support for the long-delayed Mozambique liquified natural gas project, led by French energy giant TotalEnergies.
UK news
UK news
fromwww.theguardian.com
1 day ago

UK pulls $1.15bn loan to Mozambique gas project after climate and terror concerns

UK withdraws £870m export finance for Mozambique LNG project due to increased risks to taxpayers, security, human rights, and the climate.
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