Connect with us

News

US swings behind TotalEnergies’ vast Mozambique gas project

Published

on

US swings behind TotalEnergies’ vast Mozambique gas project

Unlock the White House Watch newsletter for free

US President Donald Trump’s administration has unlocked almost $5bn in funding for a liquefied natural gas project by France’s TotalEnergies in Mozambique, potentially restarting work on one of Africa’s largest energy investments.

Mozambique’s minister for energy said on Thursday the US Export-Import Bank (Exim) had reapproved a $4.7bn loan for the project, originally granted in 2020 during Trump’s first presidency.

Work has been frozen since 2021, when TotalEnergies put its project on hold after Islamist insurgents killed civilians and workers in attacks near the site in Mozambique’s northern Cabo Delgado province.

Advertisement

In a statement on Thursday, Estevão Pale, Mozambique’s minister for energy, told the Financial Times it welcomed the decision by Exim, which would consolidate US leadership in development of a project that “will significantly help global energy security”.

“We are deeply grateful for President Trump and the American people’s support for this important LNG project,” he said.

American jobs are involved in the project, with US subcontractors expected to receive up to 30 per cent of the contract value, and the funding could help maintain US influence in the region, but it comes as Trump and Elon Musk aim to cut back federal spending. The Exim loan was part of $14.9bn in senior debt financing that TotalEnergies agreed with a range of export credit agencies and banks in 2020.

Following the 2021 attacks, the French company made a declaration of force majeure, signalling elements outside its control had stopped the work. The declaration left the funding agreements frozen.

However, TotalEnergies has indicated that the security situation has stabilised in recent months, and it has worked to persuade financial backers to restate their support.

Advertisement

Chief executive Patrick Pouyanné lobbied senior Biden administration officials to approve the funding before Trump’s inauguration. He warned in letters that the transition of power could lead to “additional and lengthy delays” that could “undermine the financing structure, already in place and approved, and bring the entire project to a stop”.

TotalEnergies also enlisted consultancy Primus Responsum to lobby Exim to secure financing, offering a $250,000 bonus if the organisation could successfully confirm the project before Trump’s inauguration in January.

Exim did not immediately respond to a request for comment. The bank granted the approval even though Trump has embarked on a federal cost-cutting programme led by Musk’s so-called Department of Government Efficiency (Doge). The administration has also frozen most foreign aid.

While the US support was by far the largest element of the funding package, the LNG project also initially received financial backing from the governments of the UK and the Netherlands. Exim’s decision will increase pressure on those governments to offer similar reapproval of their financing.

Pale said he was still expecting the UK and Netherlands to reconfirm their support.

Advertisement

The FT reported last month that the British government was exploring legal remedies to extricate itself from the $1.15bn commitment it made in June 2020 in direct loans and guarantees.

Pouyanné told investors following the company’s annual results last month that he was ready to exercise all his contractual rights if export credit agencies declined their support.

The Total-led project is one of several plans to exploit Mozambique’s gas reserves. Development of the resources could transform the economy of one of southern Africa’s poorest countries and provide a well-located new source of gas to meet growing demand in Asia. The approval is a boost for other projects in the country, including a larger LNG development led by ExxonMobil.

However, environmental campaigners have opposed the development and it has been linked to allegations of human rights abuses by Mozambican soldiers charged with securing the area.

Kate DeAngelis, deputy director of Friends of the Earth US, criticised the re-approval as a “handout to the fossil fuel industry”.

Advertisement

“This is the pinnacle of government waste and an egregious abuse of taxpayer dollars,” she said.

Meanwhile, political instability in Mozambique following disputed elections at the end of 2024 has also delayed progress on restarting the project. President Daniel Chapo, who took office in January, made protection of the gas project and suppression of an anti-government insurgency a plank of his election campaign.

News

Supreme Court blocks redrawing of New York congressional map, dealing a win for GOP

Published

on

Supreme Court blocks redrawing of New York congressional map, dealing a win for GOP

The Supreme Court

Win McNamee/Getty Images


hide caption

toggle caption

Advertisement

Win McNamee/Getty Images

The Supreme Court on Monday intervened in New York’s redistricting process, blocking a lower court decision that would likely have flipped a Republican congressional district into a Democratic district.    
  
At issue is the midterm redrawing of New York’s 11th congressional district, including Staten Island and a small part of Brooklyn. The district is currently held by a Republican, but on Jan. 21, a state Supreme Court judge ruled that the current district dilutes the power of Black and Latino voters in violation of the state constitution.  
  
GOP Rep. Nicole Malliotakis, who represents the district, and the Republican co-chair of the state Board of Elections promptly appealed to the U.S. Supreme Court, asking the justices to block the redrawing as an unconstitutional “racial gerrymander.” New York’s congressional election cycle was set to officially begin Feb. 24, the opening day for candidates to seek placement on the ballot.  
  
As in this year’s prior mid-decade redistricting fights — in Texas and California — the Trump administration backed the Republicans.   
 
Voters and the State of New York contended it’s too soon for the Supreme Court to wade into this dispute. New York’s highest state court has not issued a final judgment, so the voters asserted that if the Supreme Court grants relief now “future stay applicants will see little purpose in waiting for state court rulings before coming to this Court” and “be rewarded for such gamesmanship.” The state argues this is an issue for “New York courts, not federal courts” to resolve, and there is sufficient time for the dispute to be resolved on the merits. 
  
The court majority explained the decision to intervene in 101 words, which the three dissenting liberal justices  summarized as “Rules for thee, but not for me.” 
 
The unsigned majority order does not explain the Court’s rationale. It says only how long the stay will last, until the case moves through the New York State appeals courts. If, however, the losing party petitions and the court agrees to hear the challenge, the stay extends until the final opinion is announced. 
 
Dissenting from the decision were Justices Sonia Sotomayor, Elena Kagan, and Ketanji Brown Jackson. Writing for the three, Sotomayor  said that  if nonfinal decisions of a state trial court can be brought to highest court, “then every decision from any court is now fair game.” More immediately, she noted, “By granting these applications, the Court thrusts itself into the middle of every election-law dispute around the country, even as many States redraw their congressional maps ahead of the 2026 election.” 

Monday’s Supreme Court action deviates from the court’s hands-off pattern in these mid-term redistricting fights this year. In two previous cases — from Texas and California — the court refused to intervene, allowing newly drawn maps to stay in effect.  
  
Requests for Supreme Court intervention on redistricting issues has been a recurring theme this term, a trend that is likely to grow.  Earlier last month  the high court allowed California to use a voter-approved, Democratic-friendly map.  California’s redistricting came in response to a GOP-friendly redistricting plan in Texas that the Supreme Court also permitted to move forward. These redistricting efforts are expected to offset one another.     
   
But the high court itself has yet to rule on a challenge to Louisiana’s voting map, which was drawn by the state legislature after the decennial census in order to create a second majority-Black district.  Since the drawing of that second majority-black district, the state has backed away from that map, hoping to return to a plan that provides for only one majority-minority district.    
     
The Supreme Court’s consideration of the Louisiana case has stretched across two terms. The justices failed to resolve the case last term and chose to order a second round of arguments this term adding a new question: Does the state’s intentional creation of a second majority-minority district violate the constitution’s Fourteenth and Fifteenth Amendments’ guarantee of the right to vote and the authority of Congress to enforce that mandate?    
Following the addition of the new question, the state of Louisiana flipped positions to oppose the map it had just drawn and defended in court. Whether the Supreme Court follows suit remains to be seen. But the tone of the October argument suggested that the court’s conservative supermajority is likely to continue undercutting the 1965 Voting Rights Act.   

Advertisement
Continue Reading

News

Map: Earthquake Shakes Central California

Published

on

Map: Earthquake Shakes Central California

Note: Map shows the area with a shake intensity of 3 or greater, which U.S.G.S. defines as “weak,” though the earthquake may be felt outside the areas shown.  All times on the map are Pacific time. The New York Times

A minor earthquake with a preliminary magnitude of 3.5 struck in Central California on Monday, according to the United States Geological Survey.

The temblor happened at 7:17 a.m. Pacific time about 6 miles northwest of Pinnacles, Calif., data from the agency shows.

As seismologists review available data, they may revise the earthquake’s reported magnitude. Additional information collected about the earthquake may also prompt U.S.G.S. scientists to update the shake-severity map.

Source: United States Geological Survey | Notes: Shaking categories are based on the Modified Mercalli Intensity scale. When aftershock data is available, the corresponding maps and charts include earthquakes within 100 miles and seven days of the initial quake. All times above are Pacific time. Shake data is as of Monday, March 2 at 10:20 a.m. Eastern. Aftershocks data is as of Monday, March 2 at 11:18 a.m. Eastern.

Advertisement
Continue Reading

News

US says Kuwait accidentally shot down 3 American jets

Published

on

US says Kuwait accidentally shot down 3 American jets

The U.S. and Israel have been conducting strikes against targets in Iran since Saturday morning, with the aim of toppling Tehran’s clerical regime. Iran has fired back, with retaliatory assaults featuring missiles and drones targeting several Gulf countries and American bases in the Middle East.

“All six aircrew ejected safely, have been safely recovered, and are in stable condition. Kuwait has acknowledged this incident, and we are grateful for the efforts of the Kuwaiti defense forces and their support in this ongoing operation,” Central Command said.

“The cause of the incident is under investigation. Additional information will be released as it becomes available,” it added.

In a separate statement later Monday, Central Command said that American forces had been killed during combat since the strikes began.

“As of 7:30 am ET, March 2, four U.S. service members have been killed in action. The fourth service member, who was seriously wounded during Iran’s initial attacks, eventually succumbed to their injuries,” it said.

Advertisement

Major combat operations continue and our response effort is ongoing. The identities of the fallen are being withheld until 24 hours after next of kin notification,” Central Command added.

This story has been updated.

Continue Reading

Trending