🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

French court rejects activists bid to suspend Total's Guyana drilling

Published 01/02/2019, 18:47
© Reuters. The logo of French oil giant Total is pictured at a petrol station in Latresne near Bordeaux

PARIS (Reuters) - A French court has rejected an urgent request by environmental groups including Greenpeace and Friends of the Earth to deny oil and gas major Total permission to proceed with plans to drill off the coast of French Guyana.

The environmental groups asked the court in December to suspend Total's permit to drill five wells in the block over environmental concerns.

The court said there was no need for an urgent ruling, which would have come in time to halt the drilling operations.

Greenpeace said that although the ruling on the urgent request was disappointing, the group was hopeful that it could still stop the drilling operation by another means.

Greenpeace and Friends of the Earth have filed a separate court application to annul Total's exploration permit in offshore French Guyana, it said, adding that the groups will keep up pressure on the company's projects in the region.

Total welcomed the court's decision and said the drilling operation was ongoing.

"The campaign launched in mid-December will therefore continue with the objective of drilling the exploration wells," Total said.

Drilling offshore Guyana is part of 23 drilling projects Total aims to carry out in 2019 in its biggest oil exploration drive in recent years.

© Reuters. The logo of French oil giant Total is pictured at a petrol station in Latresne near Bordeaux

Total said in December that a drilling vessel was on the site to start drilling, and it invited activists to visit the site saying it was taking measures to protect the environment and would not endanger coral reefs in the region.

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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.