In Other News · Africa

OPEN SECRETS: PetroSA’s rehabilitation fund shortfall is a ticking timebomb

Source: Daily Maverick (South Africa)

Summary

As PetroSA faces liquidation proceedings, the huge shortfall in funds to resolve its longstanding decommissioning liability is the elephant in the room. Due to delays in the implementation of up-to-date regulations, and politicians and executives seeming to turn a blind eye, the public may end up footing a multibillion-rand bill.

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