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118/119 Biodiversity and Tropical Forest Assessment for Angola

118/119 Biodiversity and Tropical Forest Assessment for Angola

118/119 Biodiversity and Tropical Forest Assessment for Angola

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B5b. Extractive IndustriesThe financial support of extractive industries to environmental activities has been smallbut significant. Esso (Exxon) is a key supporter of the Giant Sable Conservation Project,to which it donated approximately $50,000. SONANGOL supports the KissamaFoundation’s ef<strong>for</strong>t to save the Kissama National Park, <strong>and</strong> donated $300,000 to helpfund the erection of an electric fence, reintroduce a number of species from SouthAfrica, <strong>and</strong> pay the salary of a park manager. British Petroleum funds research on theimpact of plat<strong>for</strong>ms on the deep sea environment <strong>and</strong> environmental education.Investments by oil companies from <strong>Angola</strong>-derived revenue on development assistanceprojects in <strong>Angola</strong> must be approved by SONANGOL, because any investment in nonoilrelated activities detracts from the bottom line. This is not the case, however, if thefunds are provided from company funds from outside the production sharingagreements.The petroleum industry has provided some assistance towards very specificenvironmental management <strong>and</strong> conservation activities. The magnitude of theassistance, however, is small relative to the size of their operations in <strong>Angola</strong>. The teamfound no evidence that the mining industry is contributing to conservation in <strong>Angola</strong>,beyond that which is required by law.<strong>118</strong>/<strong>119</strong> BIODIVERSITY AND TROPICAL FOREST ASSESSMENT FOR ANGOLA 23

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