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"East African oil pipeline faces another blow as Standard Chartered refuses financing"
Standard Chartered has become the latest financial institution in a string of banks and insurers to refuse support for the East African crude oil pipeline (EACOP). Non-profit BankTrack says the decision is “particularly significant as the bank had previously confirmed that it was undertaking due diligence” to finance the project. “We can confirm that Standard Chartered is not involved in the financing of the East Africa crude oil pipeline project,” a spokesperson for the bank says in a statement provided to GTR...
A spokesperson for Standard Bank says that it is among potential lenders, it is internally reviewing a recent update of an independent environmental and social (E&S) due diligence report, and its “final assessment and subsequent decision will follow the project timeframes”. “Standard Bank’s participation in the funding of the EACOP project remains subject to its credit approval process which includes consideration of the findings of the E&S due diligence assessments and meeting the Equator Principles requirements [the banking sector’s framework for assessing environmental and social risk when financing large projects]. It is also subject to a full assessment of the EACOP sponsors’ climate change strategies and targets,” the spokesperson says. “Standard Bank is committed to maximising opportunities for sustainable and inclusive growth across the continent, and managing the risks posed by climate change,” they add...
A statement on EACOP’s website says the organisation will “continue to engage with the project-affected communities to ensure that their feedback is considered throughout the planning and implementation of the project”, and has provided housing and compensation to some of the people displaced.
A Kenyan Catholic environmentalist has described as “scary” the silence of leaders in East Africa over growing concerns about the East Africa Crude Oil Pipeline (EACOP), which is currently under construction between Uganda and Tanzania.
Germany's Union Investment has dropped French oil major TotalEnergies (TTEF.PA) from its sustainability funds and called for an independent human rights audit following fresh allegations of abuses at a $15 billion project in East Africa.
Activist delivers a letter to the bank’s CEO, Georges Elhedery, urging him to stop financing the expansion of oil, gas and coal projects and harmful industrial agribusiness, and to stop providing money to companies that forcibly remove people from their homes to make way for such infrastructure.
Heads of the East African Crude Oil Pipeline (EACOP) project and oil companies operating in Uganda have been urged to increase transparency and make information about their operations readily accessible to the public to reduce tensions and protests.
Over 70 civil society organisations (CSOs) from Uganda, Tanzania, the Democratic Republic of Congo, and beyond have published an open letter urging the Government of Oman to refrain from providing financial or diplomatic support for the controversial East African Crude Oil Pipeline
The governments of Uganda and Tanzania have jointly requested the Appellate Division of the East African Court of Justice (EACJ) to dismiss a petition filed by four civil society organisations (CSOs) from Uganda, Kenya, and Tanzania, aiming to halt the construction of the East African Crude Oil Pipeline (EACOP).
In February 2025, the East African Court of Justice held an appeal hearing in Kigali in the case brought by several NGOs contesting the agreement between the Ugandan and Tanzanian governments on the EACOP project. This colossal project, led by TotalEnergies, involves the construction of the longest heated oil pipeline in the world, connecting the oil reserves around Lake Albert in Uganda to the Tanzanian port of Tanga. After the dismissal of their case in the first instance for technical reasons, this hearing is the last chance for these organisations to obtain a judgment on the merits.
New engagement and policy analysis from BankTrack covering the 50 largest European banks shows a dwindling number of European bank candidates are prepared to finance the project.
Climate activists protested at AIG's New York office, demanding the insurance giant join 25 other insurers in refusing coverage for the East African Crude Oil Pipeline (EACOP), which campaigners say has led to displacement, human rights violations, and harassment of environmental activists in Uganda and Tanzania.
Farmers displaced by the EACOP project along the serene coastline of Chongoleani are concerned that the compensation paid to them by the project is inadequate.
Civil society organizations and activists protested at Chinese embassies in 10 countries, calling on Chinese state-owned financial institutions to reject financing for the East African Crude Oil Pipeline (EACOP) project due to concerns over potential human rights abuses and environmental damage.
A Ugandan activist campaigning to stop the development of a $5 billion crude oil pipeline in East Africa by France's TotalEnergies and others has been detained by Uganda's military according to the group he works.
Stephen Kwikiriza from the Ugandan environmental pressure group Environment Governance Institute (EGI) has been campaigning to halt the East African Crude Oil Pipeline (Eacop).
The 1,445-km pipeline is to carry crude from oilfields in Uganda's west through Tanzania to a port on Tanzania's coast.
Uganda is expected to start building the US$5 billion East African Crude Oil Pipeline (EACOP) in January after the first shipment of pipes arrived from China, as opposition to the massive project intensifies.
A court in Uganda on Friday dismissed claims by dozens of families who felt they had been wronged when they were compensated for the use of land used to develop a TotalEnergies oil megaproject, an activist and a plaintiff said.
The East African Court of Justice (EACJ) handed down a judgment in the case that challenges the construction of the East African Crude Oil Pipeline (EACOP) by TotalEnergies, China National Offshore Oil Corporation (CNOOC) and the Ugandan and Tanzanian governments.
Despite public disavowals of the EACOP project due to its adverse impacts, leading financial institutions are indirectly investing significant amounts through Chinese state-owned oil firm CNOOC, a shareholder and developer of the pipeline.
The construction of the East African crude oil pipeline has been delayed by the complexities and grievances regarding the resettlement of project-affected persons.
The East African Legislative Assembly (Eala) has strongly castigated opponents of the Hoima-Tanga crude oil pipeline. Ms Mary Mugyenyi (Uganda) said her country and Tanzania were united against the critics of EACOP and would go ahead with its implementation. “We should also identify their local collaborators and crush them”
International oil major TotalEnergies will on October 10 answer to charges of environmental and human rights abuse before the European Union parliament in Brussels in a new threat to the actualisation of its East African Crude Oil Pipeline (Eacop) and related upstream oil projects in Uganda’s Lake Albert region.
The French oil and gas company TotalEnergies has worked to cultivate a green reputation with climate goals and plans to ramp up renewable power, but a massive east African oil project is casting a shadow over that messaging campaign.
Activists argue that the EACOP project poses different environmental and human rights risks to the communities located along the pipeline corridor in Uganda and Tanzania.
263 civil society organisations (CSOs) have urged banks not to participate in a $2.5 billion project finance loan for the construction of the East African Crude Oil Pipeline (EACOP) project.
Financial institutions continue to withdraw from their participation in the proposed East African Crude Oil Pipeline due to concerns about its potential impact on climate.
The fate of a planned line from Uganda to Tanzania will be the first test of whether anyone was listening to António Guterres’ call to end fossil fuels
A lawyer is seeking to stop the East African Crude Oil Pipeline (EACOP) project, citing violation of arrangements that provide for Ugandans to be involved in the procurement process.
Residents from the eight regions where the East African Crude Oil Pipeline (EACOP) project will pass, expressed concerns yesterday about the emerging bureaucracy that may see many missing out on opportunities rleated to the pipeline in their area.
Critics of the East African Crude Oil Pipeline (EACOP) project say it will spell doom for the environment on a continent with an abundance of potential for non-polluting renewable energy.
Three French banks – BNP Paribas, Société Générale and Crédit Agricole have reportedly opted not to finance the East African Crude Oil Pipeline due to alleged human rights and environmental concerns
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.
South Africa’s Standard Bank, which was to have been a financier of the $3.5bn East African Crude Oil Pipeline (Eacop), has announced that it is suspending support while it waits for the outcome of an environmental and social impact study.
263 non-governmental organisations have urged 25 banks listed as potential financiers of the $3.5 billion development not to participate in the East African Crude Oil Pipeline (Eacop) project citing environmental and social risks.
Friends of the Earth France and Survie have published a new report on Total's activities in Uganda and Tanzania, reporting that the human rights violations denounced over a year ago are still ongoing and have multiplied, now impacting about 100,000 people.
A coalition of NGOs is challenging the construction of the East Africa oil pipeline in the East African Court of Justice to stop its development due to social and environmental concerns.