Extinction Rebellion and other environmental activists protest at Shell in Newlands, Cape Town, against the Wild Coast seismic survey commissioned by the company.The furore over fracking off the Wild Coast last year cost SA at least R1bn in investment.
This is according to Petroleum Agency SA's COO, Bongani Sayidini, who spoke about the oil and gas potential in the country at Friday'sThe dialogue was hosted by the departments of forestry, fisheries and the environment and mineral resources and energy to engage on clean energy transitionSayidini was referring to seismic surveys planned by Shell and the Searcher geoscience company which were set to begin on December 1 last year.
Just 20tcf of gas could generate 20GW of power, half the 40GW new-generation capacity needed to meet the country's demand. The exploration is in line with Operation Phakisa, launched in 2014 to streamline SA's National Development Plan for poverty alleviation and social equity. Operation Phakisa could contribute up to R177bn to GDP by 2033 and create between 800,000 and 1-million direct jobs.
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'Show me proof offshore seismic activity is bad'The furore over fracking off the Wild Coast last year cost SA at least R1bn in investment, says Petroleum Agency SA COO BS. Company arrogance. Leaving R1b to adapt to existential climate change .. and the transition to clean energy
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