Africa choking on COVID-19, fossil fuel — Oilwatch Africa Vanguard News


Africa choking on COVID-19, fossil fuel — Oilwatch Africa

By Agbonkhese Oboh

Oilwatch Africa has said the continent is choking on the COVID-19 pandemic and fossil fuel through exploitation and combustion, as the pandemic “exposed the entire fossil fuels ‘global value chain,’ now better described as a devaluation chain”.

Oilwatch noted that “since firms are taking unprecedented hits to their balance sheets, slashing dividend pay-outs for shareholders, and racking up debt to preserve a facade of stability, the petrochemical sector — hailed by industry leaders as a panacea for future growth — has been exposed for its unviable…



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