Soco International plc

Published : November 06th, 2014

Netflix's 'Virunga' uncovers Congo's fight to protect resources

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Keywords :   Belgium | Corruption | London | Oil | Water |

Netflix's 'Virunga' uncovers Congo's fight to protect resources

LOS ANGELES, Nov 6 (Reuters) - British filmmaker Orlando von Einsiedel did not expect a civil war to break out when he arrived in the Democratic Republic of Congo in 2012 to profile Virunga National Park's plans for tourism and economic development.

But that's exactly what happened as he filmed his first feature-length documentary.

"I saw the story as a metaphor for the rebirth of the entire region," he said. "Within a week, it was a full-on civil war. And then I learned about the park's very serious concerns about this illegal oil exploration, so the story U-turned really quickly."

"Virunga," out on Netflix Inc's online streaming platform on Friday and submitted for Oscar contention, draws a line between the interests of oil exploration company SOCO International Plc, civilian unrest in Eastern DRC, and a threatened local nature reserve that houses mountain gorillas.

London-based SOCO International sent a team to DRC to convince locals that oil exploration would help the economy.

But Belgium's Prince Emmanuel de Merode, director of Virunga National Park, is adamant that mining for oil will destroy the region's rich nature and wildlife, and corruption would prevent locals from sharing in the profits.

"There's a famous phrase in Congo, that it's the world's richest country with the poorest people, with foreign forces taking stuff and the result being bad for Congolese people," von Einsiedel said.

"In Virunga National Park, we had that process playing out on a micro level."

The film also follows French journalist Melanie Gouby, who goes undercover to record SOCO employees speaking of the company's intentions. Local park warden Rodrigue Mugaruka also goes undercover to expose corruption, and park ranger Andre Bauma takes care of orphaned mountain gorillas.

"Here is an example of African civil servants who are heroes, which you don't often see," von Einsiedel said.

SOCO released a statement included in the film denying much of what was shown. On its website, the company says it is no longer operating in DRC and never intended to drill in the protected mountain gorilla habitat.

The film has attracted star power, with actor and environmental activist Leonardo DiCaprio signing on as executive producer.

"Avengers" star Mark Ruffalo, who actively campaigns against hydraulic fracking and is vocal on water and conservation issues, has also put his weight behind the film.

"Rarely do you see the whole lay of the land so clearly laid out, and so directly played out," Ruffalo said. "You have the overall sociological, economical and geo-political dynamics of the fossil fuel industry and how they create destabilization in a region for their own needs and gains."

Ruffalo attributed a renewed attention on environmental issues to people being more directly affected by severe weather in recent years.

"We're seeing this uptick in the severity of the storms, severity of droughts, severity of the temperature rising, so now it's become tangible, it's affecting people's lives," he said.

"We're not going backwards from here." (Editing by Eric Kelsey and David Gregorio)

Read the rest of the article at finance.yahoo.com
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Soco International plc

CODE : SIA.L
ISIN : GB00B572ZV91
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Soco International is a and oil exploration company based in United kingdom.

Soco International is listed in United Kingdom. Its market capitalisation is GBX 8.9 billions as of today (US$ 10.7 billions, € 9.4 billions).

Its stock quote reached its highest recent level on August 10, 2018 at GBX 99.90, and its lowest recent point on March 27, 2020 at GBX 10.30.

Soco International has 331 954 643 shares outstanding.

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Annual reports of Soco International plc
Annual Report 2007
Annual Report 2007
Project news of Soco International plc
11/6/2014Netflix's 'Virunga' uncovers Congo's fight to protect resour...
Corporate news of Soco International plc
8/21/2016[$$] Law firm calls out Soco and Cairn over climate risk rep...
8/3/2016Interim Results for the six months ended 30 June 2016
7/25/2016BLOCK LISTING SIX MONTHLY RETURN
7/1/2016DIRECTORS/PDMR SHAREHOLDING
6/30/2016Payments to Governments
6/9/2016Results of Annual General Meeting
6/9/2016AGM Trading and Operations Update
4/15/2016Annual Report & Accounts and Notice of Meeting
4/5/2016DIRECTORS/PDMR SHAREHOLDING
1/21/2016BLOCK LISTING SIX MONTHLY RETURN
1/15/2016DIRECTORS/PDMR SHAREHOLDING
1/11/2016DIRECTORS/PDMR SHAREHOLDING
12/31/2015DIRECTORS/PDMR SHAREHOLDING
12/17/2015Management Changes
11/23/2015DIRECTORS/PDMR SHAREHOLDING
10/6/2015DIRECTORS/PDMR SHAREHOLDING
10/2/2015DIRECTORS/PDMR SHAREHOLDING
8/13/2015Commencement of Production from the TGT H5 Platform
8/5/2015Interim Results for the six months ended 30 June 2015
7/15/2015Notice of Results
6/15/2015Corruption Currents: Laundering Money in the USA
3/31/2015DIRECTORS/PDMR SHAREHOLDING
3/31/2015PDMR SHAREHOLDING
3/5/2015Notice of Results
2/2/2015TRADING AND OPERATIONS UPDATE
12/9/2014Updated Technical Review of Te Giac Trang Resources
11/14/2014Interim Management Statement
11/6/2014Notice of Interim Management Statement
11/6/2014Lidongo X Marine 101 well offshore Congo (Brazzaville) - tes...
10/23/2014WELL UPDATE
7/22/2010Email Alert: Vietnam Operations Update
9/4/2007Interim Results 2007
6/4/2007Vietnam Drilling Update
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