Plans by oil company Eni to develop tar sands and oil palm in the Congo Basin risk irreversible damage to biodiversity, local communities and our climate, and break the company´s own guidelines, according to Congolese human rights organisations and their international partners. In a report published today, Energy Futures? Eni´s Investments in tar sands and palm oil in the Congo Basin, the groups argue that given their potential for local harm and their huge carbon footprint, such investments should be considered too high risk for Eni or any other energy company.

This is the first tar sands exploration in Africa, while the palm oil project for food and agro-fuels would be one of the largest on the continent. Eni´s deal…read more

Campagna per la Riforma della Banca Mundiale (Italy), Friends of the Earth (France), Netwerk Vlaanderen (Belgium), Platform (UK), SETEM (Spain) and Urgewald (Germany) expose investments in harmful practices and companies of thirteen large European banks in this new…read more