UK pulls $1.15bn loan to Mozambique gas project after climate and terror concerns

TotalEnergies scheme became lightning rod for terror in region and was accused of violating human rightsBusiness live –latest updatesThe UK government has pulled a controversial $1.15bn (£870m) loan to a giant gas project in Mozambique that has been accused of fuelling the climate crisis and deadly terror attacks in the region.The business secretary, Peter Kyle, said the UK would withdraw its export finance to the Mozambique liquified natural gas project, five years after it ignited bitter opposition from campaigners over its impact on human rights, security and the environment. Continue reading...