IFC Approves New Fossil Gas Projects in Africa Amid Climate Concerns
The International Finance Corporation (IFC) has approved two fossil gas projects in Africa, raising concerns over climate alignment and community engagement. The Sahara LPG project involves $100 million investment in LNG storage terminals across Ghana, Nigeria, Kenya, and Tanzania. The Cap des Biches project in Senegal aims to convert a thermal plant to LNG. Critics argue that these projects prioritize fossil fuel infrastructure over renewable energy and lack transparency in community consultations.
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The International Finance Corporation (IFC) has approved two fossil gas projects in Africa: the $100 million Sahara LPG project, which involves new liquefied petroleum gas (LPG) storage terminals in Ghana, Nigeria, Kenya, and Tanzania, and the Cap des Biches gas conversion project in Senegal that will switch a thermal power plant from heavy fuel oil to liquefied natural gas (LNG). Critics highlight that these projects contradict climate goals, lack transparency, and do not provide sufficient community consultation. The investments are seen as prioritizing fossil fuel infrastructure over renewable energy solutions, exacerbating debt issues and climate vulnerabilities in Africa.
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