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By: Julius Barigaba
The African Energy Chamber (AEC) has called for a boycott of Western countries and climate change advocates opposed to the development of the continent’s oil and gas sector, in its latest sparring with the developed world to protest what it describes as a move to perpetuate energy poverty.
In a statement released July 13, the Johannesburg-based AEC said that Western elites are using the global climate crisis to “disrupt African progress” by waging campaigns for their multinationals to discontinue investments in the African energy sector.
The Chamber says that as a result of these campaigns, Western financial institutions now discriminate against Africa’s oil and gas industry, as these nations continue to interdict fossil fuel developments on the continent.
“The AEC will urge African countries to boycott or refrain from working with international companies that discontinue investments and reject the African oil industry,” the statement reads.
East African pipeline
As a result of campaigns against fossil fuels, several European and American banks have declined to participate in the financing of the $3.5 billion East African Crude Oil Pipeline, which is expected to transport oil from Hoima in western Uganda to the Indian Ocean port of Tanga, in Tanzania.
Source: The East African