Japanese Bank Criticized for Financing Mozambique LNG Project Blamed for Displacement

A village in the Afungi Peninsula in Palma District, Cabo Delgado Province. Credit: Justiça Ambiental

By Maina Waruru
NAIROBI, Dec 23 2024 (IPS)

Climate and environmental activists from Japan have criticized the Japan Bank for International Cooperation (JBIC) for financing the controversial Mozambique Liquefied Natural Gas (LNG) project to the tune of USD 3 billion in a loan signed in July.

The project has been associated with the displacement of thousands of people and...