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Insuring the future by protecting the Congo rainforest
The government of the Democratic Republic of Congo (DRC), where large parts of the Congo Basin rainforest - the world's second biggest intact rainforest - lie, is auctioning licences for oil and gas exploration, which it claims will help Congolese people by providing investment and income to boost the economy.
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Congo oil fields are quickly becoming uninsurable
Any company granted exploration and exploitation rights in the Democratic Republic of Congo (DRC) oil auction could find itself without financial protection, according to a report published today by Greenpeace Africa, Insure our Future, Reclaim Finance and Urgewald.
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How DRC’s Land Auction To Big Oil Threatens The World’s Biggest Carbon Sink
Peatlands and rainforests in the Congo Basin protect the planet by storing carbon. Now, a land auction to big oil is underway in a giant leap backwards for the climate.
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Congo oil auction: Perenco is interested, local communities want it out
The Anglo-French oil company Perenco has filed expressions of interest in two of the Coastal Basin blocks on offer in the giant oil auction the Democratic Republic of Congo (DRC) launched last July. Oil Minister Didier Budimbu visited the zone last Saturday to inaugurate new Perenco installations.
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NGOs demand end to Congo oil auction after leak of secret trade-off deal
A coalition of civil society groups have called for the immediate cancellation of a massive oil and gas auction in the Democratic Republic of Congo (DRC) following news of a secret deal between Oil Minister Didier Budimbu, Nigerian gambling tycoon Chukwuma Ayodeji Ojuroye, and US consultancy GeoSigmoid.
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Global Indigenous leaders gather in Montreal to call for Indigenous-led nature protection ahead of COP15
Today, Indigenous leaders from around the world, including Brazil, Canada, the Democratic Republic of Congo, Cameroon and Indonesia, gathered in Montreal (Tiohtià:ke) to voice their expectations for the decade-defining negotiations on nature protection that kick off tomorrow.
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The price of oil extraction in DR Congo is revealed – NGOs take Perenco to court over 167 pollution cases.
The harmful operations of Perenco S.A, France's second largest oil company and the only oil operator in the Democratic Republic of Congo (DRC) were in the spotlight of a report by Investigate Europe, Disclose and EIT (Environmental Investigative Forum). The company is now summoned to the French court this Wednesday, November 9, by two associations…
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DRC Environment Minister implicated in carbon credit land grab
Kinshasa, 7 November 2022 – As COP27 opens in Sharm El-Sheikh, where the Democratic Republic of Congo (DRC) is once again presenting itself as a “country-solution” to the climate crisis,…
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With new coal uninsurable, insurers start to move on oil and gas
Insurance company restrictions on oil and gas are finally starting to catch up with those on coal, according to new data from the Insure Our Future campaign, co-published with Greenpeace.
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Signing deals for Congo fossil gas in two weeks: mission impossible, says Greenpeace Africa
Nine companies are bidding for exploration rights to fossil gas in Lake Kivu in the Democratic Republic of Congo (DRC) including US-based Symbion Power, a firm without clear experience in gas exploration.
