abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

19 Jan 2012

Author:
Christiane Badgley, iWatch News

West Africa oil boom overlooks tattered environmental safety net

Reports by non-governmental organizations show that the companies that developed the [Ghana's] Jubilee field, and the World Bank Group officials who lent hundreds of millions of dollars to jumpstart the project, were aware of the risks from the beginning. What’s also clear is that everyone knew the Ghanaian government lacked adequate monitoring systems, regulators to police the industry and equipment needed to react to spills...The oil industry, in effect, is left to monitor itself...Government and industry officials acknowledge that they have no compensation fund to support fishing communities in the event of a major spill...That reality leaves many coastal residents and environmental activists doubting the government’s promise that in Ghana, oil would be a blessing, not a curse. [refers to Kosmos Energy, Anadarko, Shell, Exxon-Mobil, Chevron, Tullow Oil, Oil Spill Response Ltd]