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world1d ago
UK drops funding for TotalEnergies’ massacre-linked gas project
Politico.eu and 1 more
- UK confirms it has withdrawn UKEF support from the Mozambique LNG project, ending official participation and financial backing.
- Officials justify the move by citing rising risks to UK taxpayers since 2020 after a detailed risk assessment.
- Campaign groups praise the decision, linking the project to climate damage and human rights concerns.
- The project faced opposition since 2020 and sparked debates over climate commitments abroad.
- TotalEnergies and banks faced renewed calls to withdraw support amid human rights concerns.
- The Mozambique financing decision is tied to concerns over instability and violence in Cabo Delgado.
- Officials state ending funding serves UK taxpayers' interests, supported by a comprehensive project review.
- UK Export Finance will reimburse already paid premiums to the project.
- Peter Kyle emphasizes ongoing commitment to Mozambique partnership despite ending the funding.
- Climate campaigners from Friends of the Earth welcome the decision, highlighting potential emissions avoided.
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