SBM Offshore says flagship oil project in Brazil to receive £34m of financial backing from UK

The UK government will provide significant financial support to a major Dutch company despite the company being under investigation for its involvement in a multibillion-dollar corruption scandal in Brazil.

Engineering company SBM Offshore – which is being investigated by Brazilian authorities over bribery allegations – confirmed that one of its flagship oil projects in Brazil will receive £34m worth of financial support from the UK.

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Source: The Guardian Circular Economy RSS