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15 hours Norway Isn’t Giving Up On New Oil Development 16 hours Iran Nuclear Talks Head For Crucial Weekend Discussions 17 hours World’s Top Oil Firms Boosted Q1 Combined Profits To $46 Billion 19 hours California Wildfires Could Spark Fresh Wave Of Blackouts 2 days Canada's Terra Nova Oilfield Rescue In Jeopardy 2 days World's Largest Copper Miners Leave Money On The Table During Epic Rally 2 days China's Solar Industry Begs Producers To Please Not Hoard Raw Materials 2...

Banks opt out of oil pipeline funding                     Thursday April 01 2021 Advertisement 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 worl...

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 cli...