NYC Protesters Goal AIG Over East African Crude Oil Pipeline

The “Summer time of Warmth” continues—each by way of record-breaking temperatures pushed by fossil fuels and a sequence of nonviolent direct actions focusing on Wall Avenue for its contributions to the local weather emergency. After protests final month calling out Citibank for “financing the arsonists,” local weather campaigners on Friday set their sights on finance…

Read More

Insurance coverage corporations ought to shun the East African Crude Oil Pipeline | Local weather Disaster

Final 12 months was the most popular on report, with excessive climate occasions in lots of corners of the globe. It was additionally the 12 months by which nations reached a landmark settlement on the UN Local weather Convention (COP28) to start “transitioning away from fossil fuels”. If governments are to adjust to this settlement…

Read More

The place East African oil pipeline meets sea, displaced farmers bemoan “unhealthy deal” on compensation

The oil export venture has pushed up the value of land, so compensation is simply too low to take care of affected villagers’ lifestyle The serene shoreline of Chongoleani was once a little-known paradise for native fishers and farmers simply north of the Tanzanian metropolis of Tanga. However now it’s turning into the end-point for…

Read More

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…

Read More

Commonplace Financial institution set to assist fund R90 billion East African oil pipeline

Commonplace Financial institution mentioned it’s set to maneuver ahead with funding for TotalEnergies’s deliberate East Africa Crude Oil Pipeline undertaking after finishing a years-long overview. The $5 billion pipeline, which might stretch from Uganda’s oil discoveries to an export terminal on the coast of Tanzania, has confronted sturdy opposition from environmental teams which have scrutinised…

Read More

Normal Financial institution AGM drama-free because it stays mum on East African oil pipeline

Normal Financial institution Group CEO Sim Tshabalala (Gallo Pictures/Enterprise Day/Freddy Mavunda) Normal Financial institution has wrapped up related governance processes and assessments associated to its consideration of financing the East Africa Crude Oil pipeline, however its determination has not but been made public. The financial institution on Monday held its annual common assembly (AGM) the…

Read More