DR-Congo, Natural Resources, Oil and Risks of Corruption

“Risks of corruption will threaten the implementation of REDD+ in DRC” By Chris Lang, 23rd January 2013 In November 2011, PricewaterhouseCoopers warned that “The implementation of REDD+ in DRC will face numerous challenges because of the widespread nature of corruption in the country”. As in all other sectors, PwC added, corruption is “likely to be… Read More

Norwegian Pension Fund increases controversial oil investments in Congo

WWF demands clean-up from Minister of Finance, Mr Sigbjoern Johnsen. From 2010 to 2011 the Norwegian State Pension Fund increased its investments in the British oil company Soco International PLC by almost 73 million Norwegian kroner2 to over 200 million kroner (EUR 27.5 million). This is a company that uses its economic strength and willingness… Read More