Suriname will receive 44 million euros from the French oil and gas company Total. The amount is intended to compensate for the CO2 that the company expects to emit in the country in the coming years.
Total plans to exploit a number of oil fields in Suriname, among other things. This week the company announced that test drilling in the Sapakara South well off the Surinamese coast had been successful. The first oil from this well is expected to be sold in early 2025.
The amount that Total is now setting aside for environmental compensation has been laid down in an agreement with Minister Tjong-Ahin of the Environment. He spoke at the signing of a historic moment. It is the first time that Suriname has sold this type of ‘carbon credit’.
Suriname will mainly use the amount to protect forests, report Surinamese media. The money will go to various institutes and organizations involved in the environment and forest management.
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