The British government's funding of up to $1.15 billion for a liquefied natural gas (LNG) project in Mozambique is lawful, a London court ruled on Friday, dismissing an appeal by Friends of the Earth.
The environmental campaign group had asked London's Court of Appeal to rule the British government wrongly decided funding the project, led by French energy company TotalEnergiesUK Export Finance has committed to provide direct loans and guarantees to banks to support the design, build and operation of the $20 billion project.
Judge Geoffrey Vos said the Paris Agreement was "only one of a range of factors" UKEF took into account when reaching the decision to fund the project. Friends of the Earth described the ruling as "extremely disappointing" and said it is considering an appeal to the UK Supreme Court.
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