abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb

24 Mar 2023

Mozambique: JP Morgan accused of financing climate chaos & prolonging civil unrest and using unstable situations to force fossil fuel projects; JP Morgan did not respond

A new case study and video from Mozambique exposes how this financing also prolongs civil unrest, using unstable situations to force fossil fuel projects. A liquified natural gas (LNG) project by TotalEnergies in the Cabo Delgado region is on pause after armed groups killed dozens of their workers in Palma in 2021. On February 3rd 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. The breakdown of civil society enabled by the cash grab makes it difficult to ensure TotalEnergies fulfills its commitment. "It's tragedy upon tragedy. A huge energy project comes in like this, and greed abolishes human rights. It's profitable to fight for cash and control. We have limited infrastructure to resolve disputes - whatever TotalEnergies wants, they get. Fossil fuel expansion fuels climate crisis, and this project fuels war. We want our life back, our land and our livelihood. We want peace and to stop this project that only brings misfortunes, death, and war," said Anabela of Friends of the Earth Mozambique.