SOCO’s ‘Withdrawal’ from Virunga: An Investor’s View

Q) When are conservationists and asset managers ever on the same side? A) More often than you’d think For some, the announcement on 11 June 2014 that SOCO International, a UK-listed oil and gas company, would not drill in the Virunga National Park – a designated world heritage site in the Democratic Republic of Congo… Read More

March 06: Joint Declaration EU Commissioner Piebalgs and Belgian Minister Labille on SOCO’s activities in Virunga

European Commissioner for Development, Andris Piebalgs, together with the Belgian Minister for International Cooperation, Jean-Pascal Labille, urge SOCO’s shareholders and all relevant authorities to make sure that oil company SOCO International Plc respects international laws and regulations and is in compliance with all of the required standards considering its oil exploration activities in a World… Read More

UK Government set to examine Soco’s activities in Virunga National Park

14 February 2014 The UK Government is set to examine the activities of Soco, a London-based oil company, over alleged violations of environmental protections and human rights abuses in a protected African World Heritage Site. It was announced today that a complaint filed by WWF has been accepted, and issues related to respect for human… Read More

Sovereing African States Toward a Sustainable Africa

Sovereign African States Toward a Sustainable Africa “A set of concrete principles and development goals that soundly move the value of natural capital from the periphery to the center of development planning…” . Vision of the Initiative Please click to Download the Gaborone Declaration (2012) In May 2012, ten African heads of states in collaboration… Read More

Exploitation du pétrole dans le parc de Virunga: une option «pas envisageable»

Exploitation du pétrole dans le parc de Virunga: une option «pas envisageable» pour WWF Par Léa-Lisa Westerhoff Le Fonds mondial pour la nature (WWF) a déposé une plainte contre la compagnie pétrolière anglaise Soco auprès de l’Organisation de coopération et de développement économiques (OCDE). La pomme de discorde, c’est le projet de cette entreprise d’explorer… Read More

Oct 7th,2013 – Soco’s exploration in Virunga violates OECD guidelines

WWF alleges British oil company violated environmental and human rights provisions in Virunga. Soco’s exploration in Virunga violates OECD guidelines, WWF alleges October 2013. WWF has filed a complaint alleging that British oil company Soco International PLC has breached international corporate social responsibility standards. WWF contends that, in the course of Soco’s oil exploration activities… Read More

Responsible Business: to what extent would you be willing to go for a price-tag?

On November 6th SOCO International published its Interim Management Statement announcing that the DRC government has commissioned him to do an aerial survey and environmental baseline studies (even hippopotami and fish studies…) over Block V. SOCO reiterates that all these activities are part of the Strategic Environmental Assessment supported by the European Union and commissioned by… Read More