Shell’s recent departure from Nigeria’s onshore oil sector is seen as a pivotal moment, raising optimism among local firms to rejuvenate production in Africa’s largest oil exporter. Industry insiders and analysts emphasise the challenges faced by oil majors in the region but foresee opportunities for indigenous companies to reverse the output decline in the Niger Read More…
Tag: divestment
Catholic institutions globally divesting from fossil fuels, U.S. dioceses yet to follow suit
Since Pope Francis’s influential 2015 encyclical on environmental stewardship, urging a departure from fossil fuels to combat climate change, hundreds of Catholic institutions worldwide have committed to divesting from oil, gas, and coal. However, despite this global trend, U.S. dioceses remain resolute in retaining their investments in fossil fuel assets. According to a Reuters review Read More…