Summary of NJ Ayuk's Billions at Play - E-book - ePub

Please note: This is a companion version & not the original book. Sample Book Insights: #1 The oil and gas industry has the ability to create a brighter future for Africa. For example, in northern Colorado, the oil and gas industry supported economic growth and increased opportunities. #2 Despite the negative effects of the COVID-19 pandemic, which has affected many economies, African countries are still investing in oil and gas exploration and production. #3 Africa's oil and gas industries have a curse, because they often create wealth for foreign investors and a select group of African elites, while leaving everyday people out of the picture.
But this is reversible. If African governments, businesses, and organizations manage oil and gas revenues wisely, they can create positive outcomes for the entire continent. #4 Chile is one of the largest copper producers in the world. It controls more than 20 percent of the world's copper reserves, and is responsible for 11 percent of the total global production. The South American country has developed regulations to protect the environment and address the interests of indigenous groups in relation to copper mining activities.