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OPEC chief, African ministers defend oil and gas investments

OPEC chief, African ministers defend oil and gas investments

MACDONALD DZIRUTWE and ESTELLE SHIRBON THE OPEC chief and ministers from major African oil producing countries defended investments in fossil fuels, saying Africa's development needs were being overlooked in the global drive towards decarbonisation. Africa accounts for less than 3% of global carbon emissions while some 600 million Africans have no access to electricity, they said, arguing that investments in the continent's natural resources should go forward. "It would be a tragedy of unimaginable proportions if, despite billions of dollars being poured into investments for these resources, these went west as stranded assets," OPEC Secretary-General Mohammad Barkindo told an energy…
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