Adnan Adams Mohammed Many religions are promoting the belief that the world will soon come to an end, in which case they will undoubtedly embrace an ethos of "let it burn": what does it matter if the rainforest is cut down if next week is the Rapture? But you might just as plausibly point
“This is why I've indicated there are various ways by which we can decarbonize oil and gas production, that is my view on the table.
“It is a decision well taken,” said APPO secretary-general Dr Omar Farouk Ibrahim, on the sidelines of Africa Oil Week, being held here. “I believe it is the right thing to do to save the industry and also to ensure that there is stability for today and tomorrow.”
Among some of the firms that held meetings with the Petroleum Commission CEO is, PVE Consulting Ltd, which is an international advisory consulting firm for the upstream Exploration and Production sector.
Investment in Africa’s energy industry would help developed nations, improve their energy security at little cost to the environment while complying with all their ESG requirements, he said.
He believes that to achieve energy transition agenda, just-transition mechanisms must be balanced with the idea of “just access”.
‘Hopes are that by end of first 2023, at least two of the blocks could have been awarded’, the Chief Executive Officer of the Commission has said in an interview.
The good news is that financial institutions such as RMB are seeing value in funding independent power initiatives. International investors are also being attracted by Africa’s renewable-energy opportunities.
The Commissioner reiterated the fact that renewables are bringing down cost of energy generation amidst the challenging times for fossil fuels which has been witnessing surging prices on the international market.
The IMF has asked government to include, energy sector debt, GETFund, Sinohydro, and cocoa loans to the public debt. The country's debt stock increased to US$393.4 billion, 78.3 percent of GDP as at June, 2022.