Oil & Energy
ANEEJ Faults Shell’s Emission Reduction Targets
The Africa Network for Environment and Economic Justice (ANEEJ) has faulted Shell’s emission reduction targets, describing it as intensity-based rather than absolute.
The group said despite the need to gradually wind down oil and gas production globally, the oil company plans to continue to invest billions of dollars in upstream oil and gas, planning to reach over half of its business by 2030.
Executive Director of ANEEJ, Rev David Ugolor, speaking at an ongoing 2-day workshop on Climate Crisis and Energy Transition, regretted that Shell declared over £32billion profits in 2022, the highest profit in their history of about 115 years, while the people of the Niger Delta are living in misery and poverty.
Ugolor urged investors to vote against Shell’s strategy while urging the church of England and other faith-based organisations to stop lending moral and financial support to Shell and other multinational oil companies.
He further tasked investors to embark on a fact-finding mission in collaboration with civil society actors to ascertain the true situation of Shell’s operations in the Niger Delta, and urged Shell to go back to the drawing board and revise the 2021 energy transition strategy to align with Paris Agreement
“Reports show how quickly the world needs to move away from fossil fuels. There are also indications that the 1.5°C target in the Paris climate pact is already extremely hard to reach. Goal 13 of the 2030 Agenda emphasizes the need for urgent global actions to tackle climate change.
“However, analysis of the situation indicates that this target will probably not be achieved, even by 2030. We have studied the climate and energy strategy of Shell and other multinational oil companies; they fall short of what is required to achieve the Paris Agreement of limiting the increase in the average global temperature to 1.5 degrees Celsius above pre-industrial levels.
“In fact, Shell’s emission reduction targets are intensity-based rather than absolute and despite the need to gradually wind down oil and gas production globally, the company plans to continue to invest billions of dollars in upstream oil and gas, planning to reach over half of its business by 2030. This will not support the global desire for a transition from fossil fuel to renewable energy”, he said.
Ugolor, represented by ANEEJ Board Member, Nowinta Igbotako, explained that the workshop was imperative to enhance the knowledge of participants including CSOs, journalists and community representatives on emerging issues in the global climate change trend and energy transition.
He further urged all stakeholders to join in the struggle to get Shell and other oil companies to take responsibility for the environmental degradation in the Niger Delta in line with the loss and damages discussions in COP27.
Also speaking, the Executive Director of Environmental Rights Action, Barr. Chima Williams, said the phrase ‘net zero’ was deceitful, saying that instead of net zero, the conversations should be on adaptability, remediation and energy transformation.
Oil & Energy
‘Revamping Moribund Refineries ‘ll Address Rising Cost Of Petroleum Products’
Oil & Energy
The Race To Cut Methane Emissions Is Exposing A Global Divide
By Felicity Bradstock for Oilprice.com 16
Oil & Energy
Delta Targets 120MW Power Boost, Moves To Cut Reliance On National Grid
The State Commissioner for Works (Rural Roads) and Public Information, Charles Aniagwu, disclosed this at a press conference in Asaba, weekend, noting that the initiative was part of wider reforms aimed at opening up the power sector to private investors.
Aniagwu, who was accompanied by the Executive Assistant to the Governor on New Media, Felix Ofou, said the state was exploring alternative sources of electricity to support businesses, households and communities while reducing pressure on the national grid.
He said the government was particularly interested in exploiting Delta’s abundant natural gas resources for power generation, pointing to the Kwale Free Trade Zone, which is part of the state’s special economic zone, as a major opportunity for investors.
According to him, prospective investors were taken to the zone during the state’s recent economic summit to enable them to assess the availability of gas as a key raw material for electricity generation. ComparePower Rates
The commissioner explained that generating more electricity locally would not only increase supply in Delta but also free up power on the national grid for use by other consumers.
Aniagwu cited the 8.5MW Independent Power Plant located behind the state secretariat in Asaba as an example of what could be achieved through alternative power sources.
He said the facility had enabled the secretariat complex to operate independently of the national grid, thereby making the electricity that would otherwise have been consumed there available to other users.
He added that the planned 120MW partnership with Supply Power would further strengthen the state’s electricity supply capacity and provide a more reliable power base for small and medium-sized enterprises.
Aniagwu said the state government was also intervening in areas traditionally regarded as the responsibility of electricity distribution companies because inadequate power supply could no longer be allowed to constrain economic development. LearnQuantum Physics
He identified the extension of the electricity grid from Abraka towards the Ndokwa axis as one of the interventions being undertaken to connect more communities to electricity.
The commissioner, however, raised concerns over the burden placed on communities that are often required to provide transformers and other electricity infrastructure, only for distribution companies to take over the facilities and subsequently collect electricity bills without adequately accounting for the investments made by the communities.
He said the state would continue to support efforts aimed at energising communities, noting that improved electricity supply would stimulate businesses, create jobs and help tackle social problems associated with unemployment and idleness.
On regulation, Aniagwu said the government was working with the Ministry of Energy and a committee set up to develop an appropriate regulatory framework for the state’s emerging power sector. SwitchEnergy Plans
He said the proposed energy commission would be responsible for regulating new electricity producers, determining appropriate tariffs and overseeing distribution networks.
The commissioner stressed that liberalising the sector required effective regulation to protect consumers and investors, adding that decisions on power distribution infrastructure, including the use of overhead or underground lines, must take into account the peculiarities and safety requirements of each location.
He warned that power expansion without adequate regulation could expose residents to electrocution and other hazards, stressing the need to protect electricity infrastructure while ensuring consumers were not subjected to unfair pricing.
Aniagwu said the state government’s broader objective was to build an efficient and sustainable electricity market driven by private investment and capable of powering businesses, households and communities across Delta State.
-
Politics2 days agoLG CITY BOY COORDINATOR HAILS WIKE’S SUPPORT FOR ONYESOH, TINUBU
-
Politics2 days ago
DIRI INAUGURATES APC CAMPAIGN COUNCIL, SETS MILLION VOTES TARGET FOR TINUBU
-
Politics2 days agoNDC Candidate Urges Oborevwori To Probe Asaba Political Violence
-
News3 days agoArmy Recovers X Account After Hack Attempt
-
Business2 days agoNigeria Loses N17tr Yearly To Abandoned Projects
-
Politics2 days ago
2027: Oborevwori Tasks Media On Fair, Accurate Reporting
-
Politics2 days ago
2027: AKPABIO ENVISAGES TINUBU’S VICTORY IN SOUTH SOUTH REGION
-
Politics2 days ago
Asaba Political Violence: Police Confirm One Dead, Delta Govt Urges Probe
