As COVID-19 bashes economies and demand for oil plummets, is this a moment to think green – or pump faster? As the COVID-19 pandemic bashes economies and demand for oil, many African nations dependent on exporting fossil fuels are “haemorrhaging” cash, African energy experts warned this week. The crisis – which comes as more investors shun carbon-heavy businesses – is a taste of what may happen if Africa’s rich oil and gas reserves become “stranded assets” that cannot be pumped as the world shifts to clean energy to meet climate goals. Fatima Denton, director of the United Nations University Institute for Natural Resources in Africa, said such a situation had always been “talked about as a hypothetical scenario”. “But it’s fair to say it’s what’s happening now,” she said. Hard-hit nations could respond to the threat in two ways, African experts said: either by switching up a gear on […]