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No apologies: Africans say their need for oil cash outweighs climate concerns

From reuters.com

A handful of protesters on the ground floor of the cavernous Cape Town International Convention Centre spread fake oil on the ground and chanted, demanding an end to fossil fuels.Two floors above, the hundreds of delegates at Africa Oil Week were largely unaware – and mostly unmoved – by the display. “Under no circumstances are we going to be apologizing,” said Gabriel Obiang Lima, energy minister of Equatorial Guinea, adding that they need to exploit those resources to create jobs and boost economic development. “Anybody out of the continent saying we should not develop those fields, that is criminal. It is very ... (full story)

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  • Category: Fundamental Analysis