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Article

2 Nov 2021

Author:
BankTrack & others

NGOs urge Banks not to finance East Africa Crude Oil Pipeline

" SUBJECT:URGENT CALLNOT TOFINANCE THE EAST AFRICANCRUDEOILPIPELINE"

We, the undersigned 263 civil society organisations (CSOs), are writing to you to share our deep concern about your potential participation in a $2.5 billion project finance loan for the construction of the East African Crude Oil Pipeline (EACOP) project. French oil major Total, together with the governments of Uganda and Tanzania and Total’s project partner, the Chinese state-owned oil firm CNOOC, are pushing towards reaching the already much-delayed Final Investment Decision on the EACOP early this year. 1

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