Banking on Climate Change

Page 60

Case Study: Mozambique LNG Ever since gas was found in the Rovuma Basin off the coast

The climate impact will be significant as the production,

Dissent is met with threats from the government and private

of northern Mozambique in 2010, the communities and

transport, liquefaction, shipping, re-gasification, and power

security, with police sometimes appearing in order to stop

environment of Cabo Delgado province have borne the brunt

plant combustion of LNG is highly energy-intensive, and thus

meetings. The “consultation process” is farcical, as communities

of corporations rushing in to grab their resources. Anadarko,

carbon-intensive; the upstream greenhouse gas emissions

cannot speak out in the presence of leaders, many of whom

ExxonMobil, and Eni — financed by China, France, Italy,

from LNG are almost double the greenhouse gas emissions

have relationships with the gas industry or government, for fear

South Korea, and other governments, as well as many private

of conventional natural gas. The carbon emissions from the

of threats or difficulty with any compensation that may have

banks (listed on next page) — are key companies involved in

onshore and offshore projects will increase Mozambique’s total

been promised.82

extracting and processing the gas.73

emissions by at least 8 percent.79

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If these are the impacts of the exploration phase, one shudders The projects are still in the exploration phase, but already

The environmental impact of LNG development in this region

to think what will happen when companies actually start

thousands of people are being forcibly relocated.74 Anadarko

is massive. Not only will it destroy fishing grounds, but it also

operating.

and its partner companies are also proposing to build the

threatens the Quirimbas National Park, a UNESCO biosphere

country’s first LNG export facility on 17,000 acres on the coast

reserve that includes areas of pristine coral reefs, mangroves,

— with the capacity to export nearly 23 million metric tons of

and seagrass beds.80 Dredging, waste disposal, and

LNG per year. With their farmland and fishing grounds being

construction will devastate ecosystems of endangered plant

taken by multinational corporations, entire communities will

and animal species.81

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lose their homes, land, and livelihoods. Locals will receive 76

very few jobs, and an influx of workers from other countries and other parts of Mozambique will likely bring an increase in diseases, including sexually transmitted infections, and place a strain on already limited health-care and education resources.77

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I L H A M R AW O OT, J A / F R I E N D S O F T H E E A RT H M O Z A M B I Q U E


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Banking on Climate Change by Greenpeace Switzerland - Issuu