The Sky’s Limit Africa: The Case for a Just Energy Transition from Fossil Fuel Production in Africa

October 14, 2021By Oil Change InternationalAfrica, Featured, Reports, Resources 1 Comment

The Sky’s Limit Africa assesses fossil fuel industry plans to sink USD $230 billion into the development of new extraction projects in Africa in the next decade — and USD $1.4 trillion by 2050. It finds these projects are not compatible with a safe climate future and that they are at risk of becoming stranded assets that leave behind unfunded clean-up, shortfalls of government revenue, and overnight job losses.

Assessing International Public Finance for Energy in Africa

July 23, 2018By Allison LeeReports

This report aims to provide a picture of the public finance flowing to energy infrastructure in Africa from fiscal years 2014 through 2016. It covers development finance institutions including multilateral development banks, as well as the national development banks and export credit agencies of the countries providing the most public finance to energy in Africa.

Universal energy access stressed at UN

September 22, 2010By Elizabeth BastBlog Post

Yesterday, UN Secretary-General Ban Ki-moon stressed the importance of making energy available to the poor as a foundation for combating poverty as world leaders gathered in New York this week at the Millennium Development Goal Summit. At a high-level event yesterday, the Secretary General said that it is lack of political will that is keeping … Read More

IMF: Nigeria ‘Wasted’ 30 Years of Oil Income

February 28, 2008By Andy RowellBlog Post

Nigeria “wasted” 30 years of oil income, the head of the International Monetary Fund (IMF) Dominique Strauss-Kahn said yesterday as he warned the country against the dangers of neglecting the non-oil sectors of its economy. “Nigeria has had 40 years of oil but for the first 30 years it wasted the proceeds from that oil,” … Read More

US House “Discourages” International Oil Subsidies, But Falls Short of Ending Oil Aid

July 26, 2007By Andy RowellBlog Post, Separate Oil and State 2 Comments

The US House of Representatives missed an important opportunity to end oil aid in a bill [Acrobat pdf] that will “re-authorize” the Overseas Private Investment Corporation (OPIC) – one of two agencies in the US government that uses taxpayer dollars to provide financing, insurance and guarantees to US businesses wanting to expand their operations in … Read More

Jubilee Act Introduced

June 12, 2007By Andy RowellBlog Post

Representatives Maxine Waters (Democrat from California) and Spencer Bachus (Republican from Alabama) have introduced the 2007 Jubilee Act for Responsible Lending and Expanded Debt Cancellation (HR 2634) in the United States House of Representatives. Oil Change International has been working with Jubilee USA on the connection between oil dependence and the debt trap, and the … Read More