Congo seeks compensation for passing up oil recovery from its peatlands

Congolese Vice Prime Minister Eve Bazaibo

The Democratic Republic of the Congo (DPRC) continues to make one of the more persuasive contemporary cases for being compensated for neglecting to recover what are believed to be the country’s considerable deposits of oil. 

The just concluded COP 27 forum was reportedly the locale for engagements on the issue of, among other things, resolving the dichotomy between the DPRC’s peatlands as an invaluable environment for the storage of carbon and the country’s peatlands being the repository for considerable deposits of oil and gas.

The Congo Basin, covering approximately two million square kilometres, is the world’s second-largest tropical forest after the Amazon. The area has been described as “a treasure in global climate regulation.”