May 4, 2024

Fossil Fuel Colonialism

Fossil fuel colonialism exacerbates climate change and perpetuates extraction in a colonial model.

What is fossil fuel colonialism?


CO2lonialism, also referred to as fossil fuel colonialism, is the exploitation of fossil fuels in the Global South by companies from the Global North. This exacerbates climate change and perpetuates a colonial, extractive model.

This furthers environmental degradation in the Global South and widen socio-economic inequalities between developed and developing countries.

Environmental & Socio-Economic Impacts

Fossil fuel colonialism exacerbates environmental damage in the Global south, contaminating the water, soil, and air with harmful pollutants. These pollutants can lead to health problems for local residents and destroy local ecosystems, compromising the livelihoods of communities that depend on these resources.

Fossil fuel colonialism promotes dependency on fossil fuels, hindering the transition to renewable energy sources, leaving the Global South more vulnerable to the effects of climate change and less equipped to adapt or mitigate these effects.

In areas afflicted by fossil fuel colonialism, the local population bears the brunt of the environmental damage, while the profits and benefits are taken by corporations based in the Global North. This not only deepens socio-economic disparities, but also further entrenches the power dynamics of colonialism.

Cabo Delgado

Cabo Delgado is a fossil fuel mining region in Mozambique, primarily funded by Western insurance companies, corporations, and banks. Cabo Delgado has been plagued by extreme militarization and climate disasters in recent years, pushing 667 local communities out of their land.

However, the progress of these initiatives has been slow and the river remains heavily polluted. It is clear that a more localized, community-driven approach is needed, which could involve public education, training in sustainable waste management practices, and the creation of local jobs in waste management and recycling.

The primary industry players in Cabo Delgado’s fossil gas industry are located in the EU. This includes main owners such as EXXON and ENI and buyers such as BP and Shell. 90% of the gas extracted in Cabo Delgado is exported to Asian and EU countries- not in the country itself.

The primary financiers in Cabo Delgado’s fossil gas industry are located in France, the UK, and South Africa. This includes the governments of the UK, France, and the US and private banks such as JP Morgan Chase and BNP Paribas.

The primary contractors in Cabo Delgado’s fossil gas industry are security firms located in the UK hired by the Mozambique government and UK consulting firms.

Vaca Muerta

Vaca Muerta is a fracking region in Argentina that has contaminated land, water, and air and devastated Indigenous populations in the areas and. The hydraulic fracking of shale gas in the area is primarily financed by companies and financiers in the EU and US that are severely endangering local workers.

The primary industry players in Vaca Muerta’s fracking industry are companies owning projects located in the EU, including Shell and BP, and Chevron from the US. The main exports are to neighboring South American countries.

The primary industry players in Vaca Muerta’s fracking industry are private banks located in the EU and the US, such as Citi Group, Morgan Stanley, and Goldman Sachs. The US government is also a major supporter of fracking in Vaca Muerta, through military support and the US Dept of State.