- Africa is the most climate vulnerable continent.
- So, who is behind fossil fuel expansion in Africa?
- You will find that most of the countries responsible for the climate crisis in the first place, are behind fossil fuel exploration and investment in Africa.
A report titled “Who is Financing Fossil Fuel Expansion in Africa?” was released at the COP27. A total of 37 African non-profit organisations wrote this report.
This report identifies the financiers and investors behind 200 companies, which are flooding Africa with new fossil fuel projects. None of these companies are serious about transitioning. All of these companies are pursuing reckless fossil expansion plans that are incompatible with a 1.5°C climate path. We call on financial institutions to immediately cease all investments, loans and financial services to them.
Link to the report HERE
Author: Bryan Groenendaal
