Report: East Africa pipeline ‘breaches banking principles’
2 years, 5 months ago

Report: East Africa pipeline ‘breaches banking principles’

Associated Press  

A controversial oil project that would connect oilfields in a Ugandan National Park to a port in Tanzania breaches global environmental guidelines for banks, according to a new nonprofit report Tuesday. The 897-mile East Africa Crude Oil Pipeline, planned by French oil giant TotalEnergies and the China National Offshore Oil Corporation has been mired in allegations of human rights abuses and environmental hazard. The decision’s subject to a full assessment of climate change strategies, the bank said, while “full compliance” with the Equator Principles was needed to fund the project. Despite environmental and human rights concerns, the campaign to stop the pipeline is “unrealistic”, said Angelo Izama, of Ugandan think tank Fanaka Kwa Wote.

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Report: East Africa pipeline 'breaches banking principles'
2 years, 5 months ago

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