4 March 2021 7:49 GMT Updated 4 March 2021 9:49 GMT in London
Hundreds of civil society organisations have called on banks not to fund the $3.5 billion to $4 billion East African Crude Oil Pipeline (EACOP) because of the threats it poses to local communities, water supplies and biodiversity.
In an open letter published this week, organisations from 49 countries including 122 based in Africa called on banks not to participate in loans to fund construction of what will be the world’s longest heated pipeline.
The StopEACOP alliance also warned the pipeline will fuel climate change by transporting oil that, it estimates, will generate over 34 million tonnes of carbon emissions each year.
NGOs pressure on banks threatens $3 5bn pipeline project financing
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Banks targeted in StopEACOP campaign - News for the Oil and Gas Sector
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CC: Senator Robert Menendez, Chairman, Senate Foreign Relations Committee
Senator James Risch, Ranking Member, Senate Foreign Relations Committee Representative Gregory Meeks, Chairman, House Committee on Foreign Affairs Representative Michael McCaul, Ranking Member, House Committee on Foreign Affairs
Dear Secretary Blinken:
We, the undersigned organizations, work to promote human rights, democracy, media freedom, environmental sustainability, and an end to corruption around the world. The protection of human rights defenders such as activists, lawyers, and journalists is critical to each of our missions.[1] We are deeply concerned by the unabated rise in reprisals against human rights defenders, both globally and within the United States, and the chilling effect that these attacks have on fundamental freedoms and civic space.