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OPEC chief defends oil and gas investments in Africa - Reuters

Reuters · Reuters · last updated

OPEC Secretary General Mohammad Barkindo said on Monday it would be a tragedy if Africa’s oil and gas resources became stranded assets because of the global drive towards decarbonisation, and that any talk of halting investments in the field was misguided.

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Related Knowledge Center: ENERGY BASICS: fossil fuels

State of Play

Fossil fuels — coal, oil and natural gas, primarily — remain the dominant energy sources for much of the world, with their accompanying infrastructure of mines, drilling and production wells, pipelines and various forms of transportation. But they have become more problematic as governments struggle to address climate change and pivot to energy sources that do not result in carbon dioxide emissions.

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