UK, Dutch agencies pull funding from Total’s controversial Mozambique LNG project

U.K. and Dutch export credit agencies have withdrawn their financial commitments for French oil and gas giant TotalEnergies’ gas project in Mozambique, in an unprecedented move that marks the latest setback for the controversial project. UK Export Finance (UKEF), a government agency, and Netherlands-based Atradius, both of which provide companies with loans, guarantees and insurance for overseas projects, had previously committed a combined $2.2 billion to TotalEnergies’ liquefied natural gas (LNG) project in northern Mozambique. The project has been linked to environmental destruction and human rights violations, and was recently sued in France for alleged links to a massacre near the LNG site. “It’s a historic decision by the U.K. government that must be commended, because it has not bee