StopEACOP Slams Normal Financial institution for Funding East Africa Pipeline

The StopEACOP Marketing campaign has criticized Normal Financial institution, Africa’s largest lender, for its determination to supply monetary assist to the controversial East African Crude Oil Pipeline (EACOP) mission. The $5 billion mission, led by TotalEnergies, goals to move crude oil from Uganda’s oil fields to a terminal in Tanga, Tanzania.

The marketing campaign alleges that Normal Financial institution’s determination contradicts the mission’s alleged local weather, environmental, and human rights dangers, and conflicts with the assessments of different lenders who’ve dominated out assist as a consequence of these points.

In Might, 11 pipeline critics had been arrested in Uganda and Tanzania after expressing their issues concerning the mission.

  • The Cease EACOP Coalition has strongly condemned the continuing harassment and intimidation of individuals affected by the East African Crude Oil Pipeline (EACOP) in Tanzania.

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  • The deliberate East African Crude Oil Pipeline poses detrimental socio-economic and environmental impacts on communities. The Complete Energies’ mega mission has activists elevating the alarm … Learn extra »

The #StopEACOP campaigners picketed exterior Normal Financial institution’s head workplace in Johannesburg on June 12, 2023 (file picture).

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