Environmentalists at Friends of the Earth will mount a legal challenge against the government’s decision to offer $1bn in financial support to a major fossil fuel project in Mozambique that they say is “incompatible” with the Paris climate agreement. The green group will go to the high court this week to seek a judicial review into the government’s decision to use taxpayer money to “worsen the climate emergency” by helping to finance a $20bn gas project on the Mozambican coast. Friends of the Earth said the government’s export credit agency, UK Export Finance, offered its largest single financial support package without undertaking a transparent assessment of the project’s environmental and social risks, which is a legal requirement. UKEF has granted loan guarantees and direct funding to British companies bidding for work on fossil fuel projects worth more than £3.5bn since the UK signed up to the Paris climate agreement.
Guardian 7th Sept 2020 read more »