Post #242

💸Let's Learn to Demand Kickbacks Lawfully How money for the restoration of nature in central Africa became the subject of blackmail and ceased to be money for the restoration of nature 🌐 Oil producers in Central Africa are facing one of the most extraordinary economic decisions in modern history: the central bank of CEMAC (Economic and Monetary Community of Central Africa), in fact, requires them to make an upfront payment for the right to extract crude oil in the region. CEMAC unites Equatorial Guinea, Gabon, the Republic of Congo, Chad Itself, and the Central African Republic. 🔸The bank's goal is quite legal and fair on the surface - the community does not have enough reserves in hard currency, so they decided to take them from international oil consortia. That's the way to do it, it would seem. However, there is a problem - the Bank wants not just some money, but exactly the funds that are supposed to be set aside to restore nature after the closure of oil fields. 🔸 The oil giants don't need any sympathy - they are made of money, after all. The catch is that if you transfer funds for nature restoration to the reserves of the central bank, they can no longer be used for nature restoration. 🔸 On top of this, the funds in question do not fully exist today, as they are built up from the revenues during operations. So, what the CEMAC bank demands is effectively pre-payment for the right to operate freely. Were it not an official policy, it would be considered a bribe affair. Anyway, wherever the money ends up, it seems that nature will never see it. Devils Below