Oil Exploration

Honduras granted a 2013 oil concession covering 35,256 square kilometers of Caribbean waters in La Moskitia, a UNESCO World Heritage site, without consulting the four indigenous peoples living there, violating international law.

CaribX (UK) Limited, a British company with no prior oil experience, holds 55% of a hydrocarbon-exploration concession in Honduras's Moskitia as the non-operator alongside Bermuda-based H2P as the 45% operator, yet six years of exploration results remain undisclosed to the public.