Oil extraction is a prominent activity in the Gulf of Guinea and inland in coastal forests,
1 with the economies of Equatorial Guinea, Gabon and Congo-Brazzaville heavily dependent on oil.
2
Whereas France once dominated the oil and timber industry in the region, today the United States has become the biggest importer of the region's oil. But China is catching up, and is fast becoming a growing competitor.
3
Oil extraction practices vary from one country to another, and between companies. The environmental impacts also vary, and depend on the political and environmental pressure, or lack thereof, to minimize risks.
Not black and white
In a study that covered Cameroon, Papua New Guinea, Mexico, Nigeria and Indonesia, it was shown that oil wealth has not stopped deforestation, but it has helped to slow it down during periods of high oil prices.
When oil prices have fallen, in contrast, people have drifted back to the countryside and converted more forest to farmland.
What are the impacts?
- Risks of major oil spills in forests and off-shore during loading and transport
- Occasional improper decommissioning of drilling sites and pipelines
- Poaching and bushmeat trade, after new drilling sites are opened for exploitation