We cannot drink oil : campaigners condemn east African pipeline project-547492 daily-sun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daily-sun.com Daily Mail and Mail on Sunday newspapers.
Last modified on Wed 14 Apr 2021 07.16 EDT
Activists have accused French and Chinese oil firms of ignoring huge environmental risks after the signing of accords on the controversial construction of a £2.5bn oil pipeline.
Uganda, Tanzania and the oil companies Total and CNOOC signed three key agreements on Sunday that pave the way for construction to start on the planned east African crude oil pipeline (EACOP). But on Tuesday a letter signed by 38 civil society organisations across both east African countries said the parties had failed to address environmental concerns over the pipeline and had steamrollered over court and parliamentary processes.
Banks opt out of oil pipeline funding
Thursday April 01 2021
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The $3.5b East Africa Crude Oil Pipeline (EACOP) project could run into trouble after some international commercial banks withdrew from funding the construction of the world’s longest heated crude oil pipeline proposed by French Oil Company Total and the China National Offshore Oil Corporation (CNOOC).
“The banks provided statements making it clear they will not support the East Africa Crude Oil Pipeline [EACOP]after an open letter endorsed by 263 organisations from around the world was sent to 25 banks considered most likely to be approached for financing,” a March 18 press release from Inclusive Development International, read in part.
A Clog in the Pipeline earthisland.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from earthisland.org Daily Mail and Mail on Sunday newspapers.
263 organizations seek to stop construction of controversial crude oil pipeline across East Africa
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263 community and NGOs from around the world have urged the CEOs of 25 banks not to fund the construction of a heated crude oil pipeline.
The organizations, from 49 countries, including 122 African-based, listed the immense threats that the 1,445-kilometer-long East African Crude Oil Pipeline (EACOP) would pose. The pipeline, they stated, will affect local communities, water supplies, and biodiversity in Uganda, Tanzania, Democratic Republic of Congo and Kenya.
They also warn that the pipeline will fuel climate change by transporting oil that will generate over 34 million tons of carbon emissions each year. The project is proposed by French oil company Total and the China National Offshore Oil Corporation.