• Contact
Tuesday, February 10, 2026
  • Login
The African Business - News About African business
  • Home
  • EconomyNew
    Emmerson Mnangagwa

    Zimbabwe’s president defends land seizures from whites and touches on the idea of superiority

    Corredor do Lobito 02

    Angola: Lobito Corridor Should Become a “True Engine of Economic Transformation,” Says President

    beispielprojekt solar angola 1

    Africa solar capacity seen rising sixfold after 2025 record

    Trending Tags

  • Business
    corredor do lobito

    Another Shipment of Copper and Cobalt Carried Out Through the Lobito Corridor

    Negocios de Angola foto

    Nigeria set to take over Africa’s automotive future as Innoson CNG plant nears completion

    dangote

    Dangote appoints MTN CEO to fertiliser unit board with IPO plans

    Agostinho Kapaia

    Angolan tycoon Agostinho Kapaia launches first vehicle assembly plant in Luanda

    Patrice Motsepe

    Patrice Motsepe joins $4 billion club amid mining rally and global expansion

    chickenprocessline082017bloomberg1022

    Removing VAT from chicken offers immediate response to low purchase power, food insecurity – SAPA

    Standard Bank

    Top African lender Standard Bank loses more dealmakers to Absa

    Paul van Zuydam

    Africa’s richest country gets a new dollar billionaire, Paul van Zuydam

    gold

    Gold, platinum and silver smash records again

  • Finance
    Standard Bank

    South Africa banks curb lending over climate-related default risks, study finds

    Armando Jorge Mota

    Armando Jorge Mota Announced as New CEO of Sanlam Angola Seguros

    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
  • Home
  • EconomyNew
    Emmerson Mnangagwa

    Zimbabwe’s president defends land seizures from whites and touches on the idea of superiority

    Corredor do Lobito 02

    Angola: Lobito Corridor Should Become a “True Engine of Economic Transformation,” Says President

    beispielprojekt solar angola 1

    Africa solar capacity seen rising sixfold after 2025 record

    Trending Tags

  • Business
    corredor do lobito

    Another Shipment of Copper and Cobalt Carried Out Through the Lobito Corridor

    Negocios de Angola foto

    Nigeria set to take over Africa’s automotive future as Innoson CNG plant nears completion

    dangote

    Dangote appoints MTN CEO to fertiliser unit board with IPO plans

    Agostinho Kapaia

    Angolan tycoon Agostinho Kapaia launches first vehicle assembly plant in Luanda

    Patrice Motsepe

    Patrice Motsepe joins $4 billion club amid mining rally and global expansion

    chickenprocessline082017bloomberg1022

    Removing VAT from chicken offers immediate response to low purchase power, food insecurity – SAPA

    Standard Bank

    Top African lender Standard Bank loses more dealmakers to Absa

    Paul van Zuydam

    Africa’s richest country gets a new dollar billionaire, Paul van Zuydam

    gold

    Gold, platinum and silver smash records again

  • Finance
    Standard Bank

    South Africa banks curb lending over climate-related default risks, study finds

    Armando Jorge Mota

    Armando Jorge Mota Announced as New CEO of Sanlam Angola Seguros

    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
The African Business - News About African business
No Result
View All Result
Home Business

Shell oil tanker questioned over payment of losses and damages

TAB by TAB
03/02/2023
in Business
0
Shell oil tanker questioned over payment of losses and damages
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

In the North Sea, Greenpeace activists are leading a protest campaign against Shell. The Anglo-Dutch oil company is being called upon to pay for the damages caused by its continued production of fossil fuels, which is exacerbating the climate crisis. In Africa, where Shell also operates, more than 100 million people will be threatened by global warming by 2030.

“Shell and the wider fossil fuel industry are bringing the climate crisis into our homes, families, landscapes and oceans,” said Yeb Saño, executive director of Greenpeace Southeast Asia. On the morning of Tuesday 31 January 2023, four of his comrades boarded a ship chartered by the oil company Shell en route to the UK North Sea, to protest against the energy company’s continued production of fossil fuels. The campaign, entitled “Stop Drilling. Start Paying” campaign, the protesters are carrying enough materials to occupy the rig for several days.

Related posts

corredor do lobito

Another Shipment of Copper and Cobalt Carried Out Through the Lobito Corridor

09/02/2026
3
Negocios de Angola foto

Nigeria set to take over Africa’s automotive future as Innoson CNG plant nears completion

03/02/2026
6

“So we’re going to confront them at sea, at shareholder meetings, in the courts, online and at their headquarters. We will not stop until we get climate justice. We will make the polluters pay,” says Yeb Saño. The White Marlin, the ship climbed by Greenpeace activists with ropes, is a key piece of production equipment that will allow Shell to unlock eight new wells in the Penguins oil and gas field in the North Sea.

Payment of damages

Greenpeace’s action comes as the Anglo-Dutch company is set to report a record annual profit of around $40 billion when it releases its 2022 financial results on Thursday, 2 February 2023. Like its rivals, Shell has benefited from soaring oil and gas prices resulting from the energy crisis triggered by the Russian-Ukrainian war.

Greenpeace would like to see the disbursement of funds from this oil rent to adaptation and climate change efforts in developing countries, particularly in Africa, where Shell is mainly present in Nigeria.

At the 27th United Nations Climate Change Conference (COP27), the world’s countries agreed on the establishment of a financial mechanism to compensate for the “loss and damage” caused by global warming in the most vulnerable countries. The contours of the “loss and damage” fund have yet to be defined. But according to the United Nations Framework Convention on Climate Change (UN Climate), a “transition committee” will be set up to make recommendations on how to operationalise the new financing mechanisms and the fund at the COP28 in 2023 in Dubai, United Arab Emirates (UAE).

However, the climate crisis is exacerbating in Africa. According to the United Nations (UN), more than 100 million people will be threatened by global warming by 2030.

Source: Afrik21
Previous Post

Africa: SEFA Grants $1 Million to Seven Countries to Develop Electric Mobility

Next Post

Zanzibar’s president is looking to make horticulture a significant part of his country’s economy

Next Post
Zanzibar’s president is looking to make horticulture a significant part of his country’s economy

Zanzibar’s president is looking to make horticulture a significant part of his country’s economy

RECOMMENDED NEWS

American model married a Nigerian prince

American model married a Nigerian prince

3 years ago
4
US Adds Most Power Generation in 21 Years as AI Demand Surges

China’s interests in Africa are being shaped by the race for renewable energy

1 year ago
4
Standard Bank blown in home repo case, referred to banking ombud

Standard Bank blown in home repo case, referred to banking ombud

4 years ago
6
World heritage group clears $5bn dam near Victoria falls

World heritage group clears $5bn dam near Victoria falls

2 years ago
5

BROWSE BY CATEGORIES

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Ads

Categories

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized
The African Business - News About African business

We bring you the best Premium news about African Business.

Follow us on social media:

Recent News

  • Another Shipment of Copper and Cobalt Carried Out Through the Lobito Corridor
  • Zimbabwe’s president defends land seizures from whites and touches on the idea of superiority
  • Angola: Lobito Corridor Should Become a “True Engine of Economic Transformation,” Says President

Category

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Legal Information

Terms and Conditions
Privacy Policy
Complaints Book

  • Contact

© 2021 The African Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Business
  • Finance
  • Opinion
  • Lifestyle
  • Sports
  • Green Economy

© 2021 The African Business