The Green Connection wants to see government and the finance ministry prioritising the restoration of the environment and creating an allowance for climate adaptationRecently, finance minister Enoch Godongwana voiced his support for investing in “old reliable technologies” such as nuclear and gas.
There were many positive elements in the finance minister’s 2022 medium term budget policy statement on October 26. His realistic take on many of the challenges that undermine our efforts to reduce unemployment, poverty and inequality in SA was on point.
It is a well-known impact of any oil and gas extraction that huge numbers of people arrive at these projects looking for nonexistent jobs, leading to a rise in prostitution, drugs, crime, conflict and other social ills. Health is often affected too. These are also industries that have been forged around the cultural and heritage values of our indigenous people, who have built and sustained their communities, values, and lifestyles around the bounty of the ocean. Any negative socioeconomic effects and destabilisation of these communities would reap a high humanitarian cost.
Rubbish article We all know that Europe cannot function without Oil and Gas …so is South Africa expected to industrialise without Coal, Oil and Gas?
What will?
Until this multinational-corporations-funded government can acknowledge the centrality of the pre-colonial environmental friendly existence of the Indigenous knowledge systems and people,its destruction/s and the results thereof,it is a disaster in waiting!
What will?
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Oil Giants Eye South African Coasts as Fuel, Climate Crises MergeFrench energy giant TotalEnergies is preparing to submit its final application for approval to drill up to five wells for oil or gas between Cape Town and Cape Agulhas, writes Liezl Human for GroundUp. The application is one in a rush of offshore oil and gas applications along South Africa's coast. This is part of a wider expansion by multinational companies into Africa, as a recent report by environmental research group Urgewald, in partnership with dozens of organisations in Africa and Europe, shows. TotalEnergies faces additional scrutiny over the multibillion euro East African crude oil pipeline project which it has funded together with the China National Offshore Company (CNOC). The pipleline's development gained new significance following the iRussian-Ukranian War. Russia's invasion prompted moves by many countries to reduce their dependence on imports of Russian oil and gas. These shifts, combined with western oil and gas companies dumping their Russian interests, present an opportunity to other petroleum-producing countries, albeit one tempered by actions to address the climate crisis. This has led governments and commentators to discuss African producers as potential beneficiaries of Europe's supply gap, with talk of a "seismic shift" to Africa and of the continent as "Europe's next gas station". Currently under construction, the East African Crude Oil Pipeline (EACOP) pipeline will transport oil hundreds of kilometres from Uganda to a port in Tanzania. The U.S.-based Climate Accountability Institute (CAI) has warned EACOP will emit 379 million tonnes of carbon over its 25-year lifespan - a so-called "mid-sized carbon bomb" that exceeds France's own national estimates for 2020. A discussion between the Centre for Sustainability Transitions (CST) and The South African Institute of International Affairs (SAIIA) weighed in on how this war could impact the transition away from fossil fuels amid the climate emergency and whether it
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Ghana to Use Gold to Buy Oil Instead of U.S. Dollars to Address Debt DistressGhana's finance minister says the country is at high risk of debt distress as the currency, the cedi, has depreciated against the U.S. dollar, increasing its foreign debt by $6 billion this year alone. Ghana on Thursday announced more spending cuts, including a freeze on government hiring and a hike in the Value Added Tax. It's also looking to buy oil using gold rather than U.S. dollars as the West African country grapples with the worst economic crisis in a generation. Democracy will land there very quickly.
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Nigeria's Bid to Expand Oil Exploration in Its North Raises ConcernsAnalysis - Nigerian President Muhammadu Buhari opened the first oil drilling site in the country's north Tuesday, saying it will bring energy security and economic development.
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Chevron can resume key role in Venezuela's oil output, exports - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Chevron Corp on Saturday received a US license allowing the second-largest US oil company to resume production in Venezuela and to bring the South American country’s crude oil to the United States. The decision grants expanded rights for the last big US oil company still operating in US-sanctioned Venezuela. However, it restricts any cash payments …
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Ghana plans to buy oil with gold as foreign currency reserves dwindle | Business InsiderGhana's gross international reserves stood at $6.6 billion as of end-September — just enough to cover about three months' worth of imports.
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Oil prices rise after trying weekBoth contracts are still headed for their third consecutive weekly decline after hitting 10-month lows this week
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