Uganda’s Huge Fossil Fuel Venture Raises Fears of Environmental Damage
- June 28, 2021
- Posted by: Njango Njung'e
- Category: Climate Change
Critics of the EACOP project say it will spell doom for the environment on a continent with an abundance of potential for non-polluting renewable energy.
…According to Mohamed Adow, CEO of Nairobi-based energy and climate think-tank Power Shift Africa, the economic benefits from oil projects remain largely short-term compared to their prolonged impacts on Africa’s climate, environment and human health.
Adow notes that, considering Africa’s vulnerability to climate change, there is no reason for continued investment in fossil fuels, since there exists an abundance of potential for renewable energy — wind, solar and geothermal.
“The far-reaching environmental impacts, displacements, changes to groundwater and risk to our health cannot be put on the same scale with short-sighted, short-lived economic interests,” he argues, adding that it was satisfying to know that banks like Barclays and Credit Suisse had reportedly pulled out of financing EACOP.
“Indeed, if more international financial institutions make commitments to prioritise green projects, such initiatives like EACOP will not see the light of day,” he says.