Oil Giants Eye South African Coasts as Fuel, Climate Crises Merge allafrica: Africa
The application is one in a rush of offshore oil and gas applications along South Africa's coast. , as a recent report by environmental research group Urgewald, in partnership with dozens of organisations in Africa and Europe, shows.
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.
A discussion between the Centre for Sustainability Transitions and The South African Institute of International Affairs weighed in on how this war could impact the transition away from fossil fuels amid the climate emergency and whether it will hasten the transition or not.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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
Read more »
Soweto giants Orlando Pirates, Kaizer Chiefs keeping close eye on Andile Jali | KickOffMamelodi Sundowns are set to meet with veteran midfielder Andile Jali's representatives imminently to discuss a possible contract extension with both Soweto giants Orlando Pirates and Kaizer Chiefs circling. Read more here ▶️
Read more »
Oil slides as G7 price cap on Russian oil price eases supply worriesBrent crude futures dipped 21c to $85.20 a barrel in early trade, while US West Texas Intermediate crude futures fell by 16c to $77.78 a barrel
Read more »
Oil slides as G7 price cap on Russian oil price eases supply worriesBrent crude futures dipped 21c to $85.20 a barrel in early trade, while US West Texas Intermediate crude futures fell by 16c to $77.78 a barrel
Read more »
South Africa: Interest Rates Skyrocket to 7% - South African News Briefs - November 24, 2022
Read more »
New coins for South Africa in 2023 – including big design changesThe South African Reserve Bank has revealed the new designs for South Africa’s circulation coins.
Read more »