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Mozambique: JPMorgan Chase Backs War and Climate Chaos, Report Shows
Rainforest Action Network, 7 March 2023
JPMorgan Chase is the biggest fossil fuel financier in the world fueling climate chaos - an undisputed fact from the report Banking on Climate Chaos. A new case study and video… Read more »
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Mozambique: UK Court of Appeal Rejects Case Against Cabo Delgado LNG
AIM, 17 January 2023
The United Kingdom Court of Appeal in London has ruled that British government funding of up to US$1.15 billion for liquefied natural gas (LNG) operations in Mozambique is lawful.… Read more »
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Mozambique: Mozambique Makes First Export of Liquefied Natural Gas
The Exchange, 19 November 2022
President of Mozambique Filipe Nyusi announces first export of Liquefied Natural Gas from Cabo Delgado Read more »
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Mozambique: Mozambique LNG Project May Resume in First Half of 2023
AIM, 1 September 2022
The Indian oil company BPCL, which holds a 10 per cent stake in the Mozambique LNG Project, led by the French multinational Total Energies, has announced that the production of… Read more »
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Africa: Climate Put On Back Burner By War
AfricaFocus, 21 April 2022
Editor's Note Read more »
How JPMorgan Chase Backs Mozambique War, Climate Chaos - Report
JPMorgan Chase is the biggest fossil fuel financier in the world fueling climate chaos, according to the Rainforest Action Network's report titled Banking on Climate Chaos. This report exposes how this financing also prolongs civil unrest in Mozambique by using unstable situations to force fossil fuel projects.
A liquified natural gas project by TotalEnergies in the Cabo Delgado region is on pause after armed groups killed dozens of their workers in Palma in 2021. The company's CEO visited the region to assess whether it can resume the project. At the same time, most displaced people haven't received the land, money, or safety promised to them since the project started years ago, casting doubt on this statement.
Rainforest Action Network says the project fits the pattern of energy companies exploiting the global south to pipeline energy and profit to the global north - with full backing from banks like JPMorgan Chase.
Documents
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7 March 2023
Banking on Climate Chaos Report 2022
- Author:
- Banking on Climate Chaos
- Publisher:
- Banking on Climate Chaos
- Publication Date:
The report, co-authored by Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra ... see more »
Video
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7 March 2023
Global Banks Finance LNG Expansion in Mozambique Causing Violence and Displacement
- Author:
- Rainforest Action Network
- Publisher:
- Rainforest Action Network
- Publication Date:
A new case study and video from Mozambique exposes how this financing also prolongs civil unrest, using unstable situations to force fossil fuel ... see more »
