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At the Standard Bank Climate Summit in Johannesburg, CEO Sim Tshabalala highlighted how inequality and climate policy exclusion are obstructing energy transitions in the Global South and fostering resistance in developed nations. He emphasized the need for a just transition that integrates energy security and public investment in infrastructure.

Tshabalala defended controversial projects like the East African Crude Oil Pipeline, asserting that Africa has a right to utilize fossil fuels for development. Kenyan President William Ruto also addressed the summit, advocating for innovative financing solutions to foster sustainable growth amidst climate challenges.