President of the United Nations (UN) General Assembly, Peter Thompson declared on Wednesday that time is fast running out on marine oil exploration and production, as consumers start craving for environmentally friendly energy sources and technologies.
He projected that renewable energy sources will overtake the use of petroleum thus dwindling the demand for deep water petroleum exploration which poses severe risk to both onshore and marine eco-systems.
Answering a question from Ghanaian media on the security of the oceans in the face of deep water oil exploration during a video conference ahead of the United Nations Ocean Conference to be held in New York, in the United States early June, Thompson described Deep water petroleum exploration as expensive and dangerous.
“Deep water oil exploration; expensive as it is and dangerous as it is has no long future,” he stated, explaining, “change is underway and a shift from the coal and oil era for energy to the era of electric vehicles, renewable forms of energy including solar, and wind power which consumers are looking for.”
The UN Oceans Conference to be held in New York from June 5, 2017 to June 9, 2017 is aimed at supporting the implementation of the UN Sustainable Development Goal (SDG) number 14 dedicated to Conserve and sustainably use the oceans, seas and marine resources for sustainable development.
Globally, while the biggest oil spillage in recent times happened in the Gulf of Mexico in April 2010, Ghana experienced a low toxicity mud spillage by American energy firm, Kosmos Energy in 2009, with the government having a tough time sanctioning the International Oil Company (IOC).
Thompson noted that the main reason the ocean is under threat globally is the weak and failed governance issues.
Other areas to be discussed during the conference, which Thompson announced that Ghana’s president Nana Addo Dankwa Akufo-Addo would be attending include illegal and unhealthy fishing methods, negative subsidies for fishing, and the threat of plastic pollution along the beaches and in the oceans and Maritime Spatial Planning among others. Enditem
Source: Justice Lee Adoboe, Xinhua/NewsGhana.com.gh