โPersonal claims against directors may be a potential area of growth. Directors will have to take the threat seriously, as they have an impact on their professional and personal lives,โ Calvert warned.
Projects backed by Standard Chartered in 2021 will emit 2.3 billion tonnes of CO2 over their lifespan, with Mozambique LNG to play a major part in this.
In a recent judicial review decision, two judges in an English court considered an application by Friends of the Earth (FoE) to quash UK Export Financeโs (UKEF) decision to provide export finance to the Mozambique LNG Project.
Investments in Africaโs oil and gas risk undermining a move to lower carbon energy sources and are at risk of becoming stranded assets, according to a new report.
Mozambican businesses looking to cash in on Africaโs biggest private investment are facing disaster after an attack by Islamic State-linked militants on a town close to Totalโs $20 billion natural gas export project.
East Africa is in a prime location to export gas globally but growth and progress has largely been slow, largely because of fluctuating liquified natural gas prices, political instability and terrorism.
Foreign military support is growing in Mozambiqueโs northern Cabo Delgado Province following the attack on Palma but it is clear that the LNG plans have suffered a major setback.