00:00Climate activists on Tuesday picketed outside the African Energy Week conference
00:05in the South African city of Cape Town,
00:08calling for an end to new oil and gas exploration across the continent.
00:12The environmentalists accused energy companies of prioritizing profits over people and the environment.
00:19And Africa doesn't have the funds to adapt to extreme weather events,
00:24climate change, the impacts of climate change like the global monarch does for instance.
00:28So we are asking that governments impose taxes and fines on these big international oil companies
00:36that are present here like Shell, Total, BP, Exxon, Woodside,
00:41to impose fines and taxes on them and then use that revenue to pay for loss and damage
00:47and adaptation for communities that are reeling from the devastating effects of climate change.
00:53Greenpeace Africa and Extinction Rebellion campaigners challenged efforts to position Africa as a new frontier for fossil fuel development.
01:02They argued that further investment would worsen climate change.
01:06Meanwhile, oil executives see it as an opportunity for the continent's growth.
01:13Freight prices, so the cost of moving that crude, have gone astronomical.
01:18So the cost of reaching refineries in Asia has massively, massively risen
01:23and that is now weighing on crude prices locally in Africa.
01:27For African refiners that don't have as far to carry that crude though,
01:30you could argue that that is a good thing.
01:32That crude is now cheaper to source.
01:34The protests come as South Africa seeks to expand oil and gas development
01:38to attract investment and bolster energy security.
01:42The government presents natural gas as a complement to renewable energy.
01:46But protesters say such plans risk prolonging dependence on fossil fuels
01:50at a time when countries should be cutting emissions.
01:53genres of other instruments might need data.
01:55Some grizzlies have gone well anymore.
01:55The 小 à Naltons
01:55World Cup
