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Climate Crisis: Data Reveals Global Increase In Fossil Fuel Dependence

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A latest report by the Global Oil and Gas Exit List (GOGEL) has shown that 96 per cent of the 700 upstream companies listed across the world are still exploring new oil and gas fields.
In the report, published by Urgewald, a German environment and human rights NGO, the annual capital expenditures on oil and gas exploration has risen by more than 30 per cent since 2021.
The Tide’s source reports that the oil exploration continues, notwithstanding, the global call to put an end to burning of fossil fuels, which climate experts blamed for the worsening global warming.
“Over the past three years, oil and gas companies in the GOGEL database spent a total of US$ 170.4 billion on exploration for new oil and gas reserves that we cannot afford to burn”, the report revealed.
In addition to exploration, the GOGEL study also showed extensive and reckless upstream expansion with 539 companies preparing to bring 230 billion Barrels of Oil Equivalent (bboe) of untapped oil and gas resources into production.
These short-term expansion plans, the document noted, severely jeopardise efforts to limit the global temperature increase to 1.5 °C.
“Oil and gas expansion in ‘frontier’ countries will create new fossil fuel dependencies, severely compromising, if not displacing Just Energy Transitions which could see cheap and rapid builds of renewable energy for countries that are not yet locked into expensive and polluting oil and gas dependencies.
“Companies on GOGEL are exploring or developing new oil and gas resources in 129 countries.
“Total Energies tops the list with expansion in 53 countries, including South Africa, Namibia, Mozambique and Papua New Guinea.
“These countries currently have little or no oil and gas production, which should therefore make transition easier”, the report stated further.
With this development, the study projected that global gas-fired capacity was expected to rise by a staggering 30 per cent, while the global oil and gas industry was planning to increase Liquified Natural Gas (LNG) export capacity by 162 per cent.
Reacting, Katrin Ganswindt, Head of Finance Research at Urgewald, said, “Financiers and investors need to face the fact that this industry will not transform voluntarily.
“Private and public financial institutions, insurers, regulators and central banks must adopt policies that end the financing of fossil fuel expansion.
“GOGEL provides the data needed to develop and implement these policies. Without swift action, the chance for a 1.5 °C world will be irredeemably lost”.

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Niger Delta

Okpanam-Ibusa Isheagu-Ewulu Roads Ready For Inauguration-Aniagwu 

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As part of the preparations to mark the one-year anniversary of Governor Sheriff Oborevwori’s administration in Delta State, the Commissioner for Works, Rural and Riverine Roads, Mr. Charles Aniagwu, embarked on inspection of the Okpanam/Ibusa and Isheagu/Ewulu Roads scheduled for inauguration.
The roads, which spanned 5.3 kilometers and 9.1 kilometers respectively, and approximately 90% completed, connects major towns and would boost the socio-economic lives of the people in the area.
Speaking to journalists after inspecting the roads on Tuesday, Aniagwu reiterated the governor’s commitment to delivering quality projects to Deltans in line with his MORE Agenda.
He said “Governor Oborevwori has outlined numerous projects and programmes to mark his one year in office.
“Apart from roads, there are other projects and programmes, including empowerment initiatives anchored by several ministries.
“The Governor has instructed us to ensure that all roads are top-notch before he proceeds to commission them. Even if contractors claim that roads have been completed, he wants us to verify if they have been built to specifications.
“We hope that in the next few days, they will complete the project and exit the site to enable us carry out the final inspection”.

According to him, “That’s the same approach the Governor wants us to take with every project. He doesn’t just want to commission projects; he wants to ensure that any road being commissioned has been done according to specifications and provides value to the people of Delta by ensuring that the money paid equals the work done”.

Albert Ograka, Asaba

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Niger Delta

Police Arrest Foreigner, Two Others Over Alleged Kidnapping In Delta

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The Police Command in Delta State has arrested three kidnap suspects including a foreigner over kidnapping incidents in the State.
The command‘s spokesman, SP Bright Edafe told newsmen yesterday in Warri that the suspects were arrested on Saturday and Sunday at their hideouts in Warri.
Edafe said that the suspects were arrested by the combined team of police operatives attached to the Orerokpe division, and operatives from the Force Intelligence Unit, Abuja.
He said that the Divisional Police Officer (DPO), Orerokpe division, CSP Paul Oboware, upon receipt of the information, immediately mobilised and led his patrol team to the criminals’ hideouts in Warri.
“Intelligence gathered on some kidnapping incidents in the Warri axis revealed that it is being carried out by Yakubu Ya’u at Oha and Ughwagba Communities in Okpe Local Government Area.
“The suspect and his gang kidnap unsuspecting residents for ransom.
“On May 11, following combined effort from police operatives of the command and operatives from the Force Intelligence Unit, Abuja on the hideout of the suspect.
“The DPO, Orerokpe division immediately mobilised and led his patrol teams to the suspect’s hideout in Warri, and after a painstaking search, he was arrested,” he said.
Edafe said that preliminary investigation and interrogation of the suspect led to the arrest of two other key members of the gang which included a Cameroon national on Sunday.
He alleged that the suspects were responsible for the several kidnap incidents in Orerokpe, Sapele, Warri, and environs, adding that the victims had equally identified them.
Edafe said that the suspects led the police detectives to Ughwagba Community in Okpe Local Government Area, where two Automatic pump action guns, a live Cartridge,  one knife were recovered.
He said that preliminary investigations were ongoing, adding that the command has intensified efforts to arrest the other fleeing members of the gang.

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Forum Unveils Vision, Commends Diri On Project Execution 

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A group, the Bayelsa State Founding Fathers Forum (BSFFF) has vowed to continually pursue the vision behind the struggle for the creation of the State.
Chairman of the forum, Sir Itelemo Frank Omiebi, stated this yesterday during an interview with The Tide in Yenagoa, the State Capital.
He said though the BSFFF has reservations about recent calls on its leadership to speak up against perceived marginalisation of the State by the Federal Government and associated MDAs, he noted that there is the general notion that the forum was made up of responsible, patriotic and capable statesmen in their own right.
The Tide learnt that the BSFFF is a group of statesmen of the Ijaw extraction, mostly of Bayelsa origin, who played prominent roles in the struggle for the creation of the State out of the Old Rivers State in 1996 under the late Genenera Sani Abacha military junta.
Omiebi disclosed that though as statesmen, the forum for sometime decided to keep mum on certain issues to avoid unnecessary heating of the polity, the rationale behind the convocation of the forum, he said, stemmed from the need to create a homogeneous Ijaw state out of the Old Rivers State which the forum has achieved far back in 1996.
He, however, stated that while issues bordering on marginalisation of the State were worrisome, the forum had continued to play an advisory role to successive administrations of the State.
“The vision of the BSFFF is tripartite: we’re to work towards the creation of an egalitarian State capable of raising committed, responsible and patriotic leaders.
“The forum is also to effect overall infrastructural and sectoral development of the State, and to promote human capital development with particular reference to education, so as to reverse our disadvantaged State in the comity of States in Nigeria”, the forum said.
The chairman also noted that there were consummate professionals from all walks of life willing to render needed support and services to the State in the group whenever they are consulted on matters affecting the development and well being of the State.
The forum’s leadership, which also bared its mind on the present administration of the State, described the State Governor, Senator Douye Diri, as a bonafide member of the forum, saying the workings of his administration were in tandem with the vision of the forum.
“But we like to commend Governor Diri who himself is a member of the forum. The Governor has been  working according to the vision of the BSFFF in the provision of infrastructure and, in other areas of governance.
“We want to especially thank him for the peace we’ve in the State. And we also want to commend him for the security of lives and properties of citizens across the State”.

“On infrastructure, we want to thank Governor Diri for continuing the Senatorial roads projects in the state. These and many more were part of the vision of the forum”, the BSFFF leadership added.

Ariwera Ibibo-Howells, Yenagoa

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