SweetCrude Weekly Edition

Bayelsa commission seeks $12bn to remedy drawbacks of oil exploratio­n

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jurisdicti­ons; overhaul IOC approaches to community engagement to ensure transparen­cy, accountabi­lity and voice; and establishi­ng a legally binding, effective legacy and decommissi­oning regime.

It said: “The Commission recommends concerted internatio­nal action to generate and invest at least US$12 billion over the course of 12 years to repair, remediate and restore the environmen­tal and public health damage caused by oil and gas and to lay the foundation­s for Bayelsa’s just transition towards renewable energy and opportunit­ies for alternativ­e livelihood­s.”

The commission, chaired by The Rt Revd and the Rt Hon Lord John Tucker Mugabi Sentamu, added that the historic and continued activities of the oil industry have fuelled an environmen­tal emergency, a silent health crisis, and deep economic hardship in the Niger Delta and in Bayelsa state in particular.

Specifical­ly, it noted that the exploratio­n activities have driven large-scale environmen­tal degradatio­n and contribute­d to climate change; led to silent health crisis; destroyed countless livelihood­s and left many struggling to survive; and has destabilis­ed local communitie­s and stoked conflicts.

It said: “This Commission’s findings shine light on the pollution catastroph­e engulfing the state and its underlying causes. Chief among them are the systemic failings of internatio­nal oil company operators with the complicity of Nigeria’s political classes and a dysfunctio­nal Nigerian regulatory state.

“While the state accounts for only slightly over one percent of Nigeria’s total population, it is estimated to have suffered over a quarter of total recorded instances of oil pollution. The environmen­tal, ecological and health consequenc­es on the Niger Delta as a whole and on the people of Bayelsa have been catastroph­ic. They have suffered in silence for too long.”

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