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DR Congo | Investment company to bid on oil leases inside Virunga NP — and then conserve the sites

A New York investment firm is to launch a $400m (£334m) bid for oil concessions in the Congo basin rainforest and Virunga national park with plans to turn them into conservation projects, the Guardian can reveal.

EQX Biome, a biodiversity fintech company, has sent an expression of interest to the Democratic Republic of the Congo (DRC) government for 27 oil exploration blocks put up for auction last July, some of which are in critical ecosystems.

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