The report examines the role of South African finance institutions in funding the largest gas extraction project in Mozambique in the context of the extensive and credibly documented harmful impacts on the peoples, environment and economy of the country.
The report calls on South African DFI’s to: • make concrete commitments to cease new investments in fossil fuel exploration and extraction and all associated activities; • take their responsibilities in terms of public accountability much more seriously and abandon their culture of secrecy; • redirect their funding away from LNG to support the provision of utility-scale renewable energy plants in Mozambique. Community ownership models should be explored.https://www.fairfinancesouthernafrica.org/wp-content/uploads/2024/02/Final-Moz-Gas-Report-Folder-29th-January.pdf