Commodities
DC Circuit Denies Bid to Block $4.7B Financing for Mozambique LNG Project
A U.S. Export-Import Bank approved $4.7 billion in financing for TotalEnergies EP's liquefied natural gas project in Mozambique, but an environmental group challenged this move.
A D.C. Circuit panel denied the group's push to block the financing, finding them unlikely to prevail in their challenge.
The decision is significant as it clears the way for the project to proceed with its planned investment.