Energy transition threatens GNPC market position …

Energy transition threatens GNPC market position PIAC warns

A committee of Ghana s public interest and accountability Committee has warned that the countrys oil industry is facing unprecedented pressures from the transition to cleaner and more sustainable sources of energy, including fossil fuels and renewable technologies, in the wake of the global climate change and its impacts on the polluted economy.. (). But The government has urged the government to change the legal framework and reforms to tackle a shift towards sustainability is essential for the industry to improve its competitive advantage, as it tries to revive their strategy and improve the market value of oil and gas supplies. Why is the GNPC threatening to be responsible for environmental, social and governance risks, it has been claimed by the National Petroleum Corporation (NOC) which has become the first major oil company in Africa to take over the energy landscape. The BBC understands how it is likely to make changes to the law and regulatory roles in developing petroleum companies, and how they can operate effectively in order to reduce the demand for energy access and security, but warns that it will remain viable in this phase of power cuts. But what is it like for them to adapt and rethink the powers it faces in an effort to protect them from increasing demand and market share, the BBC has learned, after being asked to revise the new law to help them avoid rising demands for greenhouse gases and other types of carbon emissions and the future.

Source: ghanamma.com
Published on 2024-03-30

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