Tag #Resource Curse

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dw.com

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Sep 5, 10:19

African Union Report Reveals $88 Billion Annual Loss from Illicit Financial Flows

A new African Union report reveals that illicit financial flows cost Africa $88 billion annually, a 76% increase since 2015, impacting essential services and hindering national development.

African Union Report Reveals $88 Billion Annual Loss from Illicit Financial Flows

A new African Union report reveals that illicit financial flows cost Africa $88 billion annually, a 76% increase since 2015, impacting essential services and hindering national development.

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What measures are in place to combat illicit financial flows, and what are their limitations?

The African Union has established a pan-African cooperation platform and several working groups to recover stolen assets and monitor sectors like mining. While many African countries have created financial intelligence units and specialized tax authorities, the report indicates these institutions lack sufficient effectiveness.

edition.cnn.com

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Mar 29, 13:19

Guyana's Oil Boom: Rapid Growth, Environmental Concerns, and Unequal Wealth

Exxon's discovery of nearly 11 billion barrels of oil off Guyana's coast in 2015 spurred rapid economic growth, exceeding 33% in 2023 and 40% in 2024, but also raised concerns about environmental damage and unequal wealth distribution, contrasting with Guyana's past climate leadership.

Guyana's Oil Boom: Rapid Growth, Environmental Concerns, and Unequal Wealth

Exxon's discovery of nearly 11 billion barrels of oil off Guyana's coast in 2015 spurred rapid economic growth, exceeding 33% in 2023 and 40% in 2024, but also raised concerns about environmental damage and unequal wealth distribution, contrasting with Guyana's past climate leadership.

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What are the immediate economic and environmental consequences of Guyana's rapid oil production growth?

In 2015, Exxon discovered nearly 11 billion barrels of oil off Guyana's coast, leading to oil production starting in 2019 and projected to significantly increase by 2027. This has propelled Guyana to become the world's fastest-growing economy, with GDP growth exceeding 33% in 2023 and 40% in 2024.

nrc.nl

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Jul 27, 01:14

Trump's $90 Billion AI Plan: Environmental and Geopolitical Risks

President Trump's $90 billion AI investment plan for Pennsylvania, focusing on expanding data centers and energy infrastructure, raises significant environmental and geopolitical concerns, potentially increasing energy consumption drastically and exacerbating resource conflicts.

Trump's $90 Billion AI Plan: Environmental and Geopolitical Risks

President Trump's $90 billion AI investment plan for Pennsylvania, focusing on expanding data centers and energy infrastructure, raises significant environmental and geopolitical concerns, potentially increasing energy consumption drastically and exacerbating resource conflicts.

Progress

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Climate Action

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How does this investment reflect broader trends in the relationship between Big Tech, Big Oil, and environmental concerns?

The plan underscores a growing alliance between Big Tech and Big Oil, prioritizing AI development over environmental concerns. This contrasts with previous efforts to offset Big Tech's carbon footprint through carbon credits and green energy investments. Experts predict a drastic increase in energy consumption for AI, potentially from 3% to 99% of total energy production.

forbes.com

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Mar 14, 19:15

US Considers Mineral Deal with DRC Amidst Concerns of Past Intervention Failures

The Trump administration considers a deal with the DRC for critical minerals in exchange for military aid, raising concerns about repeating past resource-driven interventions that have exacerbated conflict and instability in the region.

US Considers Mineral Deal with DRC Amidst Concerns of Past Intervention Failures

The Trump administration considers a deal with the DRC for critical minerals in exchange for military aid, raising concerns about repeating past resource-driven interventions that have exacerbated conflict and instability in the region.

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What are the immediate consequences of the US pursuing a minerals-for-military-aid deal with the DRC?

The Trump administration is exploring mineral resource access in the DRC, offering military aid in exchange for preferential access to cobalt, copper, and rare earths. This contrasts with Ukraine, lacking comparable reserves and a feasible deal. The DRC's vast mineral wealth is offset by internal conflict fueled by rebel groups.

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