October 20, (THEWILL) – Tantita Securities Services says Niger Delta communities can use their vegetation to generate wealth through carbon capture trading, safer and environmentally friendly alternative livelihood than proceeds from oil theft.
Capt Warredi Enisuoh, Executive Director Operations and Technical, Tantita Securities Services said that the company has started sensitising and mobilising Niger Delta communities to jettison crude oil theft and its associated ecosystem destruction and embrace cleaner alternative income and embrace other energy sources.
Enisuoh stated this while speaking on a sub-theme, “Infrastructural Protection”, at the Pan-Ijaw Summit in Yenagoa, at the weekend.
He explained that it was time Niger Delta communities look beyond oil and gas and embrace carbon capture trading mechanisms.
“You cannot remove social economic problems from security problems. And we are also here to market an idea of carbon emissions. The way forward, we have a lot of trees in this area which we can generate a lot of income from.
“There are companies around the world that are ready to partner with the Niger Delta region on carbon trading promoting greener energy to participate in exchange for green development to participate in industrial development that will not further create carbon emissions and increase global warming that will further affect the health of the people in the region.
“That is why we have come here to talk about how the community will not go into the breaking of the pipelines, that there are other sources of income from the environment. The communities are very very rich in mangroves, trees and one tree alone can absorb about 80 kilogrammes of Carbon Dioxide in a year and that’s quite a lot of money.
“If you have thousands of these trees in your community that capture carbon capacity, your community can trade it for money or development instead of breaking pipelines that will further degrade the environment which you cannot use for farming, for fishing, drinking and others”, Enisuoh said.
On the achievements of the company, he said that since they began operations in the Niger Delta, crude production has witnessed a turnaround improvement as statistics available have shown.
Amos Okioma is a Correspondent at THEWILL
