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#JustIn: Mbambi resident and ReconAfrica currently engaged in settlement negotiations - Vimarsana News

#JustIn: Mbambi resident and ReconAfrica currently engaged in settlement negotiations

In a matter in which a resident of the Mbambi informal settlement in the Kavango East Region is challenging oil giant Reconnaissance Energy Namibia (ReconAfrica) in court, the case...

ReconAfrica ripped through the Okavango watershed to find oil. Instead, they found trouble - Vimarsana News

ReconAfrica ripped through the Okavango watershed to find oil. Instead, they found trouble

Canadian driller ReconAfrica, facing lawsuits and investigations, has left angry communities and fractured landscapes in the wildlife-rich Okavango Delta watershed.

Will Africa Be the Last Oil Frontier? - International Viewpoint - online socialist magazine - Vimarsana News

Will Africa Be the Last Oil Frontier? - International Viewpoint - online socialist magazine

“Our continent cannot keep supplying the Global North. We can't.” —INA-MARIA SHIKONGO, Fridays For Future Windhoek

Will Africa Be the Last Oil Frontier? - Vimarsana News

Will Africa Be the Last Oil Frontier?

Will Africa Be the Last Oil Frontier? A major struggle over resources is unfolding in southern Africa. In the wildlife preserves of the Okavango Delta—home to 200,000 people and spanning parts of Namibia and Botswana—a Canadian oil company is drilling for oil over the fierce opposition of indigenous people, activists and environmental experts. The company, Reconnaissance Energy Africa—known as ReconAfrica—has a plan objectionable to virtually everyone except its investors and Namibian and Botswanan government partners who have granted permits for exploratory tests: it promises to unle...

Source: newpol.org
ReconAfrica, oil exploration company in Okavango wilderness, misled investors, says SEC complaint - Vimarsana News

ReconAfrica, oil exploration company in Okavango wilderness, misled investors, says SEC complaint

Email ReconAfrica, a Canadian company exploring for oil and gas upstream of one of Africa’s most lush and wildlife-rich habitats, may have fraudulently misled investors by misrepresenting its work on the project, according to several experts and allegations in a whistleblower complaint filed with the U.S. Securities and Exchange Commission (SEC). The whistleblower, who acknowledged having submitted the report confidentially to avoid retribution and harassment, allowed National Geographic to review the 44-page confidential complaint filed on May 5. It alleges that, to drive up its stock pri...