U.S. asks Congo to pull some oil blocks from auction to protect forests

Published 10/04/2022, 08:58 AM
Updated 10/04/2022, 09:02 AM
© Reuters. Eve Bazaiba, Deputy Prime Minister for the Environment and Sustainable Development of Democratic Republic of Congo talks with U.S. Special Presidential Envoy for Climate John Kerry during an informal ministerial meeting ahead of the COP27 climate summit,

KINSHASA (Reuters) - U.S. climate envoy John Kerry has asked Democratic Republic of Congo to withdraw some of the oil blocks it has put up for auction in order to protect forests, he said on Tuesday on the sidelines of a climate conference in Kinshasa.

Congo put 30 oil and gas blocks up for auction in July.

Environmentalists fear the auction could open parts of the world's second-biggest rainforest and peat lands to drilling that could release large amounts of carbon into the atmosphere, jeopardising climate goals to tame global warming.

Congo's government has said it needs to tap its vast natural resources to boost its economy, power industries, and provide electricity to its population.

© Reuters. Eve Bazaiba, Deputy Prime Minister for the Environment and Sustainable Development of Democratic Republic of Congo talks with U.S. Special Presidential Envoy for Climate John Kerry during an informal ministerial meeting ahead of the COP27 climate summit, in Kinshasa, Democratic Republic of Congo October 3, 2022. REUTERS/Justin Makangara

"We know it's urgent. I spoke yesterday with the Deputy Prime Minister and I will speak this afternoon with the President, but it is his decision," Kerry told journalists on the sidelines of the conference in Kinshasa.

"We have clearly described our interest in protecting the forests. We have asked for some blocks to be removed from the auction," he said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.