A golden opportunity for SA’s public finance institutions to stop funding fossil fuel projects

Earlier this year,, the Climate Justice Coalition and the Institute for Economic Justice released a report urging President Cyril Ramaphosa’s administration to initiate a transition from fossil fuels as a move towards the country’s economic recovery from Covid-19. This week, two of the country’s public finance institutions, the Development Bank of Southern Africa (DBSA) and Industrial Development Corporation (IDC) have an opportunity to commit to steering away from fossil fuel-intensive investments.

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Drilling restarts on Coral Sul FLNG

The Area 4 partners in Mozambique have resumed drilling on the Coral Sul project, according to regulator Instituto Nacional de Petróleo (INP).


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