4.8 • 2.3K Ratings
🗓️ 5 March 2024
⏱️ 45 minutes
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0:00.0 | Over the past few years the fossil fuel industry's focus has increasingly been on Africa |
0:09.0 | where it is fast tracking new fossil fuel development and infrastructure and often talking about it as a way to |
0:15.4 | pull Africa out of poverty, despite the fact that a lot of the oil being produced there and |
0:20.9 | moved around is ultimately for exporting to global North countries, which |
0:26.5 | oil majors will profit off of, but developing countries, maybe not so much. |
0:32.6 | Proponents of this build-out |
0:34.4 | often talk about how it will bring both |
0:36.4 | development funding and the money necessary |
0:39.0 | to adapt to climate change for countries in Africa. They talk about rampant energy poverty on the |
0:46.4 | continent. That's the term used to describe lack of access to consistent power. |
0:52.3 | In a lot of ways it's a real indictment of international climate |
0:55.6 | negotiations that countries in Africa and other parts of the global South feel |
1:01.1 | like they have to depend on oil majors to pay for climate adaptation. |
1:06.8 | We've talked about that before, especially in our season on Exxon's project in Guyana. In the absence of the money that's long been promised, first |
1:15.9 | as climate reparations and then as loss and damages, many countries feel like they can't really |
1:21.4 | escape extractive industry. |
1:24.0 | Unfortunately, it's also pretty unlikely |
1:26.8 | that fossil-fueled development |
1:28.8 | will actually pay off for these countries. |
1:32.0 | In Africa, Nigeria, the country with the oldest, largest, |
1:36.4 | and most established fossil fuel industry on the continent is a prime example. |
1:41.5 | Nigeria currently has the world's lowest energy access rates and while |
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