We couldn't have said it better ourselves. The idea of an "energy bank" that will only put more money in Transnational corporations while leaving communities & their environments worse off, needless to stress that it solves no real needs of the African people is neocolonial, whichever way you slice it. #StopEACOP!
Power Shift Africa Director, Mohamed Adow expresses concern over the recent push by 18 African nations to seek $5 billion for a new fossil fuel project lender.
Production Engineer (Oil & Gas Operations) || Natural Gas || Energy Policy || SQA Assessor
#africa #oilgas Africa’s oil producers have encountered funding restrictions from traditional western backers, including multilateral institutions whose rules increasingly bar them from oil and gas investing. The World Bank stopped financing upstream oil and gas projects in 2019 while the African Development Bank, which has the US as its number two shareholder, does not put money into fossil fuel projects. El Maayergi, however, insisted that “Africa’s context is totally different from what you find elsewhere” because its resources had not been fully developed and it had made only a minimal contribution to climate change. Financial Times https://lnkd.in/e72Mncax #investment #oilandgasindustry
South Africa is seeking to renegotiate a deal with the Climate Investment Funds (CIF) to delay the closure of three coal-fired power plants, which are among the country's biggest polluters. The plants are owned and operated by Eskom, and the government is citing energy security concerns for the request. The original agreement was part of a $9.3 billion climate pact and a $40 billion program known as the Just Energy Transition Partnership (JETP). The development has raised concerns among South Africa's JETP investment partners, who remain supportive but are worried about the ramifications of delays in closing coal plants. South Africa relies on coal for 80% of its electricity. The renegotiation may have implications for the country's climate finance package. #ClimateFinance #SouthAfrica #JustTransition #JETP #SurgetowerAssociates #JETP
The world is looking to LNG to power the future. Learn how Indigenous leaders Eva Clayton, Karen Ogen and Crystal Smith are leading the way in developing Canada's industry while creating prosperity for their communities: https://bit.ly/3Tu0VuL
International Program Director Stand.earth & Chair at Fossil Fuel Non-Proliferation Treaty
Canadian banks are some of the largest funders of oil, gas & coal in the world, and they're under-funding renewables. We need to force the banks to stop funding the problem and start funding the solution. Two years ago, Senator Rosa Galvez introduced the Climate-Aligned Finance Act. #CAFA is one of the missing pieces in Canada's climate policy, and today I'm calling on Canadian policy makers to implement it. #cdnpoli
Tzeporah Berman call to Action for policy makers. This is not only a problem in Canada, its a world wide challenge and it has stalled our Climate reclaim progress . But I think the UK 🇬🇧 in itself is doing more renewable energy funding than non-renewable. Kudos to the UK 🇬🇧 Let's stop funding the Problem and start funding the Solution. #CAFA #Climate action #Non Fossil Fuel Proliferation Treaty #Sustainability
International Program Director Stand.earth & Chair at Fossil Fuel Non-Proliferation Treaty
Canadian banks are some of the largest funders of oil, gas & coal in the world, and they're under-funding renewables. We need to force the banks to stop funding the problem and start funding the solution. Two years ago, Senator Rosa Galvez introduced the Climate-Aligned Finance Act. #CAFA is one of the missing pieces in Canada's climate policy, and today I'm calling on Canadian policy makers to implement it. #cdnpoli
#Guyana 🇬🇾 Despite potential delays in US funding, alternative financing avenues are in place to support the #Wales gas-to-energy project. The government of Guyana has underscored the project's domestic focus, emphasizing its pivotal role in reducing emissions and enhancing energy security. With bipartisan support from the US Congress and ongoing consultations, Guyana remains optimistic about securing essential funding for this transformative initiative. https://lnkd.in/eJBpYWQQ #EnergyTransition #SustainableDevelopment #Guyana
How could one unmask the Canadian Crown Export Development Corporation-EDC which has a federal taxpayer-footed legal clause "protecting" it from leaders like Lula in Brazil? Or help the state of Michigan governor trying to shut down old, EDC "protected" cracking pipelines on the floor of Lake Michigan, the only Great Lake entirely inside the USA? "Canada under Pressure to End Public Finance for Fossils Ahead of COP27 Deadline" Oct 2022 https://lnkd.in/gJ3syAG2 Jody Williams, Nobel Peace Prize Laureate suggests reaching out to work with Liz Bernstein, Ottawa - https://lnkd.in/giNZaXqp. EDC is the world's largest fossil fuel financer @ CDN 13 billion per year avg, 2018 to 2020 – over a third (38%) of the COP27 signatories’ total for that period Canada ranks worst in the G20 for providing public financing to oil and gas companies. Most public financing provided to the fossil fuel sector is done by crown corporation Export Development Canada. Like history in Project Brazil/LAWG, “Brascan File, Its [EDC] friends ...,” Last Post 3/2 ( Feb 1973), 28, 30, & 38 - which I participated in. U of T Business Library has EDC docs. How do we take it back the EDC? "Canada under Pressure to End Public Finance for Fossils Ahead of COP27 Deadline" Oct 2022 https://lnkd.in/gJ3syAG2
International Program Director Stand.earth & Chair at Fossil Fuel Non-Proliferation Treaty
Canadian banks are some of the largest funders of oil, gas & coal in the world, and they're under-funding renewables. We need to force the banks to stop funding the problem and start funding the solution. Two years ago, Senator Rosa Galvez introduced the Climate-Aligned Finance Act. #CAFA is one of the missing pieces in Canada's climate policy, and today I'm calling on Canadian policy makers to implement it. #cdnpoli
From Canada's Friendly Energy: The developing world sees the potential of our LNG as a pathway toward prosperity. That's why responsible producers like Canada should be a global supplier of choice. Learn more here: https://bit.ly/407d3Sn
#SaudiArabia’s non-oil sector is projected to grow at a rate of 4.8% in 2024, driven by the Kingdom’s growth-oriented fiscal policy, according to an analysis by Riyad Capital #growth #nonoil #vision2030
CEO NGO founder at fundacio ngo global development & national D1 Climate bank for the Americas media intelligencia - possibly Scotlands greatest living portrait fotografer presently based in Limonar, cali Colombia & MIA
all eyes on #guyana very very impressed w their president ali very well versed in his countrys most exciting times et challenges all reinforces the need for an #internationalClimatefund that can pay et compensate countrys like guyana to keep new oil & gas yet to be extracted permanently in the ground, so they can still develop as a nation full of challenges, not just limited to climate flooding from their below #sealevel coastal settlements to eradicating circa 40% poverty, through funding alternative new jobs producing projects et longer term sustainable opportunities that will out last any fossil fuel reserves, substantial or otherwise, to include #infrastructures #education et #health #environmental etc ... wishing the president et guyanese good folks well with all these new future challenges, where at #fundacio #globaldevelopment we remain always here to help ...
community liaison officer
1moI agree