Press release - Climate movement: “Pension funds, stop investing in fossil gas”

THE HAGUE/CABO DELGADO, December 1, 2025 - Today, Minister of Finance Eelco Heinen announced that TotalEnergies is withdrawing from a $640 million Dutch export credit insurance policy for a controversial gas project in Mozambique. Although the Dutch government has been avoiding this decision for years, this move has finally ended part of the Dutch involvement in this disastrous project.

Standing in Belém during COP30, I felt the weight of the moment. We came to the Amazon hoping for decisive progress on phasing out fossil fuels, yet the final outcome fell far short of the ambition science and justice demand. The agreement brought welcome commitments on adaptation finance and global indicators, but it refused to confront the structural forces that make climate action so difficult.

SOMO and Both ENDS strongly condemn the newly revealed investor-state dispute settlement (ISDS) case filed by Petrogas, an Omani oil and gas company operating two shallow-water gas fields in the Dutch North Sea, against the Netherlands under the Netherlands-Oman bilateral investment treaty (BIT).

Both ENDS is present at COP30 to advocate for genuine access to climate finance for locally led, gender-just climate solutions and the mechanisms that facilitate this, including those for farmer-led restoration. Furthermore, the organisation participates to ensure the crucial connection between the climate negotiations and the trade and investment frameworks that shape them.

Learn more about the Both ENDS team at COP30 below, and find all the activities and side-events in which Both ENDS will participate.

Both ENDS is present at COP30 to advocate for genuine access to climate finance for locally led, gender-just climate solutions, and for the mechanisms that make these possible, including those supporting farmer-led restoration. The organisation also engages to highlight the crucial connection between climate negotiations and the trade and investment frameworks that shape them.

Below is an overview of the Both ENDS team at COP30 and a detailed look at the activities and side-events in which Both ENDS will participate.

With great pride, Both ENDS launches today it’s new strategy for the coming 5 years: “Connecting people for an environmentally just world”. This strategy was developed in close collaboration with our partner network, which has always been, and still is, the foundation of our work. Together, we strive for an environmentally just world in which people and ecosystems thrive and all people can live a life of dignity.

Recently, many newspapers have written about Brussels’ rush to finalize the trade agreement between the EU and the South American Mercosur countries. According to the European Commission, national parliaments do not need to approve it because the trade part and the “political” part have been separated. This “splitting” means that the trade part can be approved as an EU-only decision by the European Council and the European Parliament, while national parliaments are sidelined and the political-cooperation part is postponed. Both ENDS and its partners are deeply concerned and are calling on the Dutch government to vote against this outdated agreement.

Both ENDS warns that the current debate on “simplification” of EU environmental law must not become an excuse to weaken or postpone urgently needed safeguards. In earlier contributions to the drafting of the EU Deforestation Regulation (EUDR), Both ENDS relayed the voices of local and Indigenous forest-dependent peoples, who consistently urged the EU to take responsibility for the massive deforestation linked to European imports. They underlined how this deforestation destroys biodiversity, undermines climate stability, and erodes their rights, livelihoods and cultures.