• Climate litigation on rise

    ... like the German case on human rights climate grounds.

    Norway is facing a climate suit (from Friends of the Earth) for its plans to drill in the Arctic.

     
  • Tigray war may cost $2.5b according to estimates

    TPLF has conquered most of the north and south of Tigray.

    Ethiopia is one of Africa's largest aid recipients. The US alone contributed a billion in 2020, and therefore has some leverage. Investing in Ethiopia right now comes with significant reputational risks, making companies more reluctant to submit massive investment bids.

    Ethiopia is finishing their dam and stressing tensions with Egypt and Sudan. The dam fits in with Abiy's plan to lift Ethiopians into a higher economic class. Sudan might benefit from a huge energy production facility on it's border for it's own energy needs.

    Getting ahead of things, but if Egypt was to take up a campaign against Ethiopia, due to the huge distance, it would have to use Sudan.

     
  • OPEC reached a deal to increase 400k barrels per day to production

    Oil was down about 2.5% (although the Dow was down 2% on inflation, stagflation, and Delta variant concerns) and oil company stocks more than that. Natural gas was up less than a percent.

    However, projections have it that demand will want 1m or more barrels more per day next year, assuming no more lockdowns.

    US producers could surge new production and crash the market. But no one wants to invest in new exploration. Most companies are hedged at a $50 range.

     
  • Burkina Faso's electric power grid

    Citizens there increasingly have access to electricity, up from 18% to 45% in the past 5 years, and power outages have been reduced from regular multi-hour outages to ones lasting about an hour.

    The country gets 65% of it's power from Cote d'Ivoire and Ghana, but it is moving towards energy independence with large fields of solar panels in the desert. It expects the investments it is making now in solar will cause it to become 'completely powered' by solar in the coming years.

    #BurkinaFaso #Energy

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