Pipelines in the Greater Virunga To Be, or Not To Be, that is the Question

Whether ’tis nobler in the mind to suffer. The slings and arrows of outrageous fortune, Or to take Arms against a Sea of troubles, And by opposing end them: to die, to sleep. (Hamlet by William Shakespeare) Probably many of you know (or not) that the United Republic of Tanzania and the Republic of Uganda are… Read More

A Message to Shareholders Willing to Finance Oil Exploitation in Virunga – DRC

MSF-Photo: Colin Delfosse – A resident of Rubaya camp in Masisi, North Kivu, looks out over the makeshift tents.  When investing in Oil be aware that you are also contributing: 1. To finance massacres, conflicts and inter-ethnic wars, low intensity warfare originated in the oil exploitation; 2. To expel populations from oil areas (from families… Read More

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

“Oil will not Create Jobs”

Uganda: Oil Will Not Create Jobs says Professor Paul Collier By Alon Mwesigwa & Edgar Angumya, 22 December 2013 Oxford University Professor Paul Collier has said those clamouring for jobs from the nascent oil and gas sector in Uganda should not get their hopes too high, and should start looking elsewhere. Collier, also co-director of… Read More

Communities Choosing to Preserve Natural Resources instead of Getting Quick Money

Citing environmental concerns, central Colombian villages use months of direct action to delay planned state oil project. OSCAR LEÓN, TRNN PRODUCER: In the central Colombian region of Meta, communities won an important victory in the fight to preserve their lands from possible contamination from drilling by Ecopetrol, Colombia’s national oil company. The Meta region’s administrative… 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