How much natural capital value is removed from Africa? In South Africa, the value of minerals in the soil fell from $112 billion in 1960 to $55 billion in 2000, according to the UN, while Africa as a whole suffers negative net annual savings.
Adding not just oil-related depletion but other subsoil assets, timber resources, nontimber forest resources, protected areas, cropland and pastureland, the Bank calculates that Gabon's citizens lost $2,241 each in 2000, followed by people in the Republic of the Congo (-$727), Nigeria (-$210), Cameroon (-$152), Mauritania (-$147) and Cote d'Ivoire (-$100).
In addition to mineral depletion worth 1% of national income each year, the Bank acknowledges that South Africans lose forests worth 0.3%; suffer pollution ('particulate matter') damage of 0.2%; and emit C02 that causes another 1.6% of damage. In total, adding a few other factors, the actual 'genuine savings' of South Africa is reduced from the official 15.7% to just 6.9% of national income.
These analyses, documents and calculations are new and fresh, and should shame those who claim international integration can enrich Africa. The opposite is more true.
Unlike Trevor Manuel, African justice activists like those who met at groundWork's conference know it. They wrote to officials of the World Petroleum Congress: 'At every point in the fossil fuel production chain where your members "add value" and make profit, ordinary people, workers and their environments are assaulted and impoverished. Where oil is drilled, pumped, processed and used, in Africa as elsewhere, ecological systems have been trashed, peoples' livelihoods have been destroyed and their democratic aspirations and their rights and cultures trampled.'
The letter concluded, 'Your energy future is modeled on the interests of over-consuming, energy-intensive, fossil-fuel-burning wealthy classes whose reckless and selfish lifestyles not only impoverish others but threaten the global environment, imposing on all of us the chaos and uncertainty of climate change and the violence and destruction of war. Another energy future in necessary: yours has failed!'