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Technology to drive oil, gas industry methane emission targets

The launch at COP28 of the landmark Oil and Gas Decarbonization Charter (OGDC), a global industry Charter dedicated to speeding up climate action and achieving high-scale impact across the oil and gas sectors, firmly put the spotlight on the millions of tons of methane (CH4) pumped into the atmosphere during …

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AfDB reiterates warning on carbon border tax

The African Development Bank has reiterated that the introduction of a carbon border tax by the European Union (EU) could push Africa back into exporting raw commodities and undermine its industrialisation gains. The European Union recently launched the initial phase of a Europe-wide carbon tax on imported goods as part of …

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FQM, Mimosa sign new Fishtie copper project deal

New revised joint commitment to fast track development of the Fishtie copper project in Mkushi has been signed between First Quantum Minerals (FQM) and Mimosa Resources. The deal inked under the latest Kashime Development Agreement is envisaged to commence as early as 2026, ramping up to a maximum production of …

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EU carbon tax to short-change Africa in trade

New European Union (EU) carbon border tax could significantly constrain Africa’s trade and industrialization progress, the Africa Development Bank (AfDB) has warned.   AfDB President, Dr Akinwumi Adesina said the carbon tax will penalise value-added exports including steel, cement, iron, aluminium and fertilizers.   “With Africa’s energy deficit and reliance mainly on …

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