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ENVIRONMENT

COP27: UN Unveils $3 Billion Plan to Achieve Early Warning Systems

UN Secretary-General, António Guterres, on unveiled the details of his Executive Action Plan for the Early Warnings for All initiative, to ensure everyone on the planet was protected by early warning systems within the next five years. The Executive Action Plan for the Early Warnings for All initiative calls for initial new targeted investments of $3.1 billion between 2023 and ...

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Oando Clean Energy Attends UN Climate Conference

Oando Clean Energy Limited, the renewable energy subsidiary of Oando Plc, has said it is attending the 27th United Nations Climate Change Conference meeting currently holding in Egypt. As Africa’s largest economy and most populous nation, Nigeria is also actively participating in the COP27, with the Minister of Environment, Mohammed Abdullahi, among other Nigerian stakeholders scheduled to attend. It said ...

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Progress on Methane Emissions by Energy Companies – UNEP

Over 80 oil and gas companies across the world have committed to measuring and reducing their methane emissions, the second biggest driver of global warming, according to a new report by the UN Environment Programme (UNEP). Slashing emissions of methane is the single fastest way to tackle climate change in the short term, says UNEP, as the greenhouse gas (GHG) ...

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SHELL Commits $1 Million to Support Flood Victims In the Niger Delta

Leadhing energy company, Shell, has committed one million US Dollars ($1million), exclusive of its joint venture partners in Nigeria, to support government’s efforts to provide relief to people impacted by the current flood disaster. Shell’s donation will be used to procure and distribute food and non-food relief materials, as well as medical supplies, to impacted communities hosting Shell operations in ...

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COP27 : Nigeria, Columbia and AfDB, to Lead in Billion-dollar Carbon-Credit Market

Nigeria Columbia and the Africa Development Bank (AfDB) to lead ii billion dollar carbon- credit market. This is a voluntary move to push for the growth of the market. According to a statement by the Senior Special Assistant to the Vice President on Media and Publicity,, Laolu Akande, the Carbon Market “is an innovative climate change solution which will create, ...

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FG to Sanction IOCs for Environmental Pollution

The Federal Government yesterday said it is set to institute an environmental task force on oil pollution, and vowed to hold International Oil Companies (IOCs) accountable for massive pollution of the environment. The Minister of Environment, Mohammed Abdullahi, said this at the 12th National Regulatory Dialogue on Implementation of National Environmental Regulations, organised by the National Environmental Standards and Regulations ...

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Why Oil Corporations Opted for Divestment in Niger Delta, by ERA/FoEN Report

The Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has published a policy brief on “International Oil Companies Divestment in the Niger Delta & Local Communities’ Concern” in response to the growing number of oil corporations quitting onshore oil facilities in the Niger Delta region. The report noted that the term divestment in Africa has been distorted by the fossil ...

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Former Shell Boss Urges Industry to Combat ‘Energy Illiteracy’

A former chief executive of Shell has said that the industry needs to focus on educating the public and politicians on the complexities of the sector, and use its people as “ambassadors”. Speaking on the sidelines of the World Energy Council’s ‘Energy Trilemma Summit; Jeroen van der Veer said that to successfully navigate the energy transition, people must have an ...

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Clean Energy: Govt to Develop Just Transition Policies for Oil Workers

The Federal Government of Nigeria says it will develop new mechanism on how oil and gas professionals can leverage on their expertise to transit to other clean energy sources. The mechanism, known as the “Just Transition Policies”, when implemented would guarantee safe and decent work environment for oil and gas workers. Mr Gbenga Komolafe, Commission Chief Executive (CCE), Nigerian Upstream ...

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