Posted on 10/24/2022 6:22:36 AM PDT by SunkenCiv
Uganda and Tanzania are set to begin work on a massive crude oil pipeline a year after the International Energy Agency warned that the world risked not meeting its climate goals if new fossil fuel projects were not stopped. The two East African countries say their priority is economic development...
Eighty percent of the 1,440km- (895 mile) pipeline, whose construction will begin in a few months, will be in Tanzania including a terminal-storage facility in Chongoleani.
French energy giant Total Energies and Chinese energy firm CNOOC International also have a stake in the $5bn (£4bn) venture.
Because of the waxy nature of Lake Albert's crude oil, it will be transported through a heated pipeline - the longest in the world. But only a third of the reserves of 6.5 billion barrels, first discovered in 2006, is deemed commercially viable...
In September, the European Union waded into the controversy surrounding the East African Crude Oil Pipeline (Eacop), and called for it to be halted, citing human rights abuses and concern for the environment and the climate...
"They are insufferable, so shallow, so egocentric, so wrong," Uganda's President Yoweri Museveni said of the EU lawmakers...
Crucially, 92% of Uganda's energy already comes from renewable sources. In Tanzania, it is about 84%. Whereas for the EU it is 22%, according to the International Renewable Energy Agency...
The first oil is expected to be tapped in three years with at least 230,000 barrels pumped out every day at its peak - projected to earn Uganda between $1.5bn-$3.5bn a year, 30-75% of its annual tax revenue. Tanzania will reportedly get at least $12 a barrel, close to $1bn a year.
(Excerpt) Read more at bbc.com ...
LOL, like China really gives a rip.
[singing] roll out the barrels...
:^)
LOL. The International Energy Agency needs to issue a strongly worded statement. That’ll stop em.
The BBC managed to spill the beans. The whole of this is a "war" against economic development, much of it in poorer nations which might slip out from under the "green" fist, is the :war" is not won by the liberal world order. Stop economic development! But continue to use all those products which petroleum products and rare earth elements provide. The cognitive dissonance is astounding.
The "world" has not agreed on climate goals, per se, merely which nations get to benefit and which get to go pound sand.
Thank you, BBC, for reporting this astounding truth. You third-world nations not "us," stay third world nations because we say so! That's it in a nutshell.
Ya... Let’s just see what happens to those little snowflake white boys and girls when they go there screaming and protesting!! 100 to 1 there isn’t a peep on the ground about it anywheres near there!!
Climate goals are meaningless. The climate is going to do what it’s going to do regardless of puny humans’ activities.
Congratulations Uganda and Tanzania!
Africa was not the first place I would have looked for climate common sense and a decisive rejection of solar and wind energy.
Unfortunately, their governments are now indebted to China, a country which definitely believes in loan repayment!
Weird they seldom show up places like that right? Maybe send some ‘glbtqxyz’ folks at the same time. 😯😎👍⛽
Being landlocked, Uganda has no other way to get its oil to market. This is the racist West telling Africans they need to stay impoverished so wealthy europeans can feel virtuous.
Reminds me of the South Park episode about the Rainforest...
“You white Americans make me sick!
You waste food, oil, and everything
else because you’re so rich, and then
you tell the rest of the world to save
the rainforest because you like its
pretty flowers.”
IF the EU is so against it, why is France's TOTAL helping build it? Virtue signaling would be much less common if virtue signalers paid a price for their demagoguery and arrogance.
Dripping with (s)
That way they can continue to make a killing off of Africans through loans to third-world despots.
The chinese don’t care what purple haired freaks think.
World climate goals
Not MY climate goals
Bake the cake! Words never said in a muslim bakery. Same same.
See my tagline:
Btt!!
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