Fossil fuel firms investing in Africa face ‘risk of regulatory action’ – US climate envoy

Western fossil fuel companies investing in Africa face a significant risk of regulatory action that’s getting more explicit as the world moves to try to tackle dangerous climate change, a US climate envoy said on Friday. During a virtual media briefing while in South Africa as part of a continental trip, US Deputy Special Envoy for Climate Jonathan Pershing urged investors to consider whether investing in fossil fuels was worthwhile.