Key findings: Uganda’s oil industry is delayed, over budget and likely to disappoint when it comes to returns. Accelerated global decarbonization could mean the value of Uganda’s oil falls as much as 34% for foreign investors and 53% for the country. Investments in oil are unlikely to be a transformative driver of Ugandan development and could add significant risks to public finances.

Independent analysis of oil in Uganda raises critical concerns. Findings from @ieefainstitute.bsky.social suggest investing in electrified, climate-resilient industries may deliver stronger job creation, lower financial risk, and more stable growth than oil.
#StopEACOP #JustTransition #UgandaOilRisk