Company Response
China National Petroleum Corporation (CNPC) has not responded to
Timeline
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China National Petroleum Corporation did not respond on alleged socio-environmental impacts of the Coral North FLNG Project
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ExxonMobil did not respond on alleged socio-environmental impacts of the Coral North FLNG Project
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Intesa Sanpaolo did not respond on alleged socio-environmental impacts of the Coral North FLNG Project
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Eni's response regarding alleged socio-environmental impacts of its Coral North FLNG Project
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ActionAid and ReCommon: ‘Unicredit is not funding Eni’s Coral North FLNG Project in Mozambique’
According to ActionAid Italia and ReCommon, there is no involvement of UniCredit in the Coral North FLNG. Intesa Sanpaolo on the other hand has a less restrictive policy on deepwater extraction than UniCredit and has so far given no response to questions from civil society about its intentions to finance the Coral North FLNG project.
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ReCommon disappointed with Intesa Sanpaolo’s new commitments on climate: “Progress made but no definitive stop to the fossil fuel sector”
The failure to include ultra-deep-water techniques would allow the bank to finance Eni’s new projects in Mozambique Coral North FLNG and Rovuma LNG, says ReCommon. In the updated policy, however, there is an exclusion for companies and projects located in areas of active armed conflict. The organisations hope that Intesa Sanpaolo will therefore consider the bloody conflict that has been tearing apart the north of Mozambique since 2017 and has also been fueled by the presence of the fossil fuel industry.
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Comments by CSOs on Coral North Floating gas project show EIA shortcomings and expose its harmful impacts
In May 2024, Justiça Ambiental and Natural Justice submitted comments on the Environmental Impact Assessment (EIA) report for the proposed Floating Liquefied Natural Gas (FLNG) unit, “Coral North”, in the Rovuma Basin in the province of Cabo Delgado, Mozambique.
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