SAVE VIRUNGA
Stop Oil Exploration in Africa's Oldest National Park
While the global community works to eliminate the use of fossil fuels, it makes little sense—financially or ethically—to continue holding investments in these companies. There is no sane rationale for companies to continue to explore for new sources of hydrocarbons. The science and intent enunciated by the Paris agreement cannot be more clear: far from… Read More
Move follows film backed by Leonardo DiCaprio and pleas by local NGOs, environmentalists, transparency campaigners and members of the UK Parliament to protect Congo’s Virunga park. The church – led by archbishop of Canterbury, Justin Welby, a former oil executive – has said that it may sell its near £3m stake in Soco International unless… Read More
On the 28th of August, oil company SOCO International Plc published its interim results for the half-year to 30th of June 2014. From this report it is clear that the focus of the company has been to continue delivering steady progress and growth, keeping revenue and cash flow strong and shareholders happy with a possible 22… Read More
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
Norway’s Pension Fund divests their investments of over $ 33 million from UK oil company SOCO International Plc. The Norwegian oil fund, which has been the fourth largest institutional investor in the company, is sending with this a powerful signal to Soco International and its remaining shareholders. . There are too many concerns with oil… Read More
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
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