ExxonMobil & Eni SA

HSBC is an investor in ExxonMobil and Eni who are planning to extract and process gas found in the Rovuma Basin off the coast of northern Mozambique in 2010. The project is still in the exploration phase, but already thousands of people are being forcibly relocated. With their farmland and fishing grounds being taken by multinational corporations, entire communities will lose their homes, land, and livelihoods. The project also threatens the Quirimbas National Park, a UNESCO biosphere reserve that includes areas of pristine coral reefs, mangroves, and seagrass beds. Dissent is met with threats from the government and private security.