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World Business Report: First broadcast 20/09/2022 14:32 GMT : Oil and gas firms warn against divestment

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Oil and gas firms warn against divestment

First broadcast 20/09/2022 14:32 GMT 

First broadcast 20/09/2022 14:32 GMT : Oil and gas firms warn against divestment

BBC World Service - World Business Report, Oil and gas firms warn against divestment

Some big energy players criticise western solutions to global energy challenges.

Some major energy players criticise western governments' solutions to global energy challenges, and argue a stable supply of oil and gas will safeguard the world from crisis.

As world leaders gather at the United Nations, some oil and gas firms are criticising how western governments have dealt with energy challenges. We ask CEO of Crescent Petroleum, Majid Jafar, what impact these solutions could have on the global supply of energy.

South African President Cyril Ramaphosa won’t be at the UN – he’s back in his country where homes and businesses are facing power cuts, while the state's main energy firm tries to control power usage in the face of dwindling supplies. We ask Dawie Roodt, Chief Economist at South African finance firm Efficient Group how this has happened.

Sierra Leone’s Minister of Education tells us about a new $1 billion commitment to education spending over the next five years, with the aim of it making it more than a fifth of the country’s annual budget.

We also hear from Andy Xie, an independent economist in Shanghai, where the Chinese government has unveiled more than $250 billion of infrastructure spending.

(Picture: UN Secretary General António Guterres. Credit: Getty Images)

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First broadcast 20/09/2022 14:32 GMT : Oil and gas firms warn against divestment

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