were the companies awarded the drilling rights and corrupt government officials while the surrounding communities were left to suffer devastating environmental impacts and governments were left in more debt from the projects”, the report notes.
Non-renewable resources entrench existing weak governance institutions and weaken effective governance institutions where they exist, says the report. “These factors have become increasingly important when analysing or insuring projects and are seen by the world’s central banks as one of the biggest threats to global financial stability,” according to the report.estimated the total contribution of coastal resources was R57-billion, contributing as much as 35% to the country’s GDP.
to reduce greenhouse gas emissions if it pushes ahead with the “wholesale extraction of more fossil fuels”. “Phakisa has led to some fantastic results: the increasing drive to declare greater amounts of South Africa’s maritime domain as protected areas is certainly aided in this regard, as is the creation of a national oceans and coastal information management system.”
It's pointless providing scientific based proof to this ANC government. Much like Trump, science is ignored. A case in point is the powerships that the ANC wants to park in our harbours for the next 20 years at a cost of R10 billion per year despite the environmental impact.
OpenSecretsZA OUTASA Go investigate who is the Shareholders of the BEE Companies that got that lucrative Oil and Gas Exploitation License ask Mantashs he knows well
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