In this podcast, Neil McCulloch discusses that fossil fuel subsidies are killing both people and the planet, because they encourage the excessive consumption of fossil fuels – which exacerbate pollution and climate change and waste huge sums that could be used far better.
At the recently concluded United Nations (UN) Climate Change Conference (COP26) in Glasgow, President Muhammadu Buhari said Nigeria would cut its carbon emissions to net zero by 2060. To achieve that though, the country must curtail its pervasive gas flaring practice; and as yet, there are few signs that it has the political will to do so. Gas flaring is the burning of unwanted natural gas in oil wells. Globally, the practice has persisted since oil production started over 160 years ago. Nigeria is a leading offender, despite gas flaring being illegal since 2005. The toxic fumes cause many environmental and health problems, and the practice increases the risk of global warming. Gas flaring occurs due to poor regulation and commitment to tackle the problem. Both characterise Nigeria’s oil-rich Niger Delta region.
The Streetjournal Magazine is an online investigating media house that specializes on systematic, serious crimes, political corruption or corporate wrongdoing.