Ross Harvey
Energy · Oil & Gas
#354
overall
Vincent Obisie-Orlu
Is ESG just colonialism 2.0?
In a recent editorial for the Washington Examiner, African Energy Chamber Executive Chair NJ Ayuk labelled Environmental Social Governance (ESG) as "Colonialism 2.0”. Mr Ayuk argues that ESG criteria for financial investments are being weaponised to impose green energy on Africa at a moment when the continent needs to make use of its fossil fuels for the development of its economies. He argues that ESG prioritises the environment at the expense of food, energy security and poverty reduction in Africa. But is that really the case?
Ross Harvey
COP27: Why it is in Africa’s best long-run interests to abandon fossil fuels
Energy
Ultimately, the key to ameliorating the climate change problem lies in exploiting the opportunities involved in clean energy technologies. There is no silver bullet, but countries stuck in fossil fuel dependency need to break the cycle of rent and energy inefficiency.
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