TotalEnergies’ London office vandalised in EACOP protest
“Many financial institutions have refused to underwrite this project and if TotalEnergies backs off, the government of Uganda would have a hard time funding this project, so we can win."
East African Crude Oil Pipeline (EACOP)
SMBC follows StanChart, disavows EACOP role
The NGO called on EACOP’s other two financial advisors, Standard Bank and the International Commercial Bank of China (ICBC), to drop the project.
Barclays analysts hit by bias claim in report about controversial pipeline
A group of nonprofits is pushing Barclays Plc to retract an analyst research note they claim amounts to a “whitewash” of the environmental and social impact of an African oil pipeline being developed by companies including TotalEnergies SE.
Tanzania approves EACOP construction as protests target financiers
"We urge Standard Bank and SMBC to reconsider their involvement in the East African Crude Oil Pipeline,” said Baraka Lenga, climate change activist based in Tanzania.
Marsh faces US complaint over EACOP role
The complaint alleges Marsh failed to carry out adequate due diligence on the controversial pipeline, which will run from Uganda's west to the port of Tanga, in Tanzania.
Activist arrests mar spud of Uganda’s first production well
“I told [the European Parliament] to go to hell!” Museveni said. “But I didn’t hear the French government making any trouble.”
Museveni on site for first Kingfisher spud
Kingfisher will have around 20 production wells and 11 water injection wells, from four pads.
EACOP plans line up for construction start
“There have not been any compulsory purchases of land so far,” EACOP managing director Martin Tiffen said, speaking earlier this week.
EACOP out of line with IFC standards, Kenyan insurer withdrawal suggests
East Africa-focused financial services provider Britam Holdings has opted out of insuring a controversial pipeline project – in a move that has been hailed by opponents.
XR goes big on fake oil in protests at SLB, Ineos and others
Extinction Rebellion has targeted a number of companies it sees as implicated in fossil fuel production, including service companies, financiers and a PR company.
Kingfisher rig in place, Tilenga’s rig on the move
CNOOC Uganda has erected the Kingfisher rig on location, in Uganda’s western Lake Albert, as drilling plans move ahead.
Ayuk argues for African answers at Africa’s COP
African states must defend the use of fossil fuels at the soon starting COP27, in Egypt, African Energy Chamber’s NJ Ayuk has said.
Road to Adipec: Pragmatic and progressive
Developing oil and gas projects can be done in an environmentally sound fashion and can play a critical role in changing a country’s finances, according to Uganda National Oil Co. (UNOC) CEO Proscovia Nabbanja.
UNOC defends carbon reduction plans at Lake Albert
Uganda’s oil production plans were redesigned to reduce emissions and the environmental impact, an official from the state-owned oil company has explained.
Campaigners target “Achilles heel” of hydrocarbon financing
Insurers should move faster away from hydrocarbon coverage, Insure Our Future has said. The group has suggested insurers may also seek damages from large emitters.
Standard Bank sees Tanzania-Uganda pipeline as ‘positive’
A proposed natural gas pipeline running from Tanzania to Uganda may have a positive environmental impact in a region where the majority of households still cook using charcoal or wood, according to Patrick Mweheire, Standard Bank Group’s regional chief executive officer for East Africa.
European Parliament slates EACOP, Lake Albert plans
The European Parliament has criticised a proposed East African pipeline, calling for TotalEnergies to consider an alternative route.
IsDB stumps up financing support for contested Ugandan pipe
The Islamic Development Bank (IsDB) has stepped up to provide $100 million of financing for the East African Crude Oil Pipeline (EACOP).
Emissions versus development debate threatens EACOP
Oil companies and environmentalist activists see the same world in wholly differing ways. Rarely is this divide as stark as in discussions around the East African Crude Oil Pipeline (EACOP).
EACOP submits construction application to Uganda
The East African Crude Oil Pipeline (EACOP) company has applied to the Ugandan government for a licence to begin construction.
Marsh named as insurance broker for EACOP plan
Marsh McLennan has been identified as the insurance broker for the East African Crude Oil Pipeline (EACOP).
Standard Chartered under fire over Mozambique LNG emissions
Projects backed by Standard Chartered in 2021 will emit 2.3 billion tonnes of CO2 over their lifespan, with Mozambique LNG to play a major part in this.
World’s largest reinsurer will not provide EACOP cover
Munich Re will not insure the East African Crude Oil Pipeline (EACOP), throwing up another challenge for the TotalEnergies-driven project in Uganda and Tanzania.
Stranded asset risk in Africa on the rise
Investments in Africa’s oil and gas risk undermining a move to lower carbon energy sources and are at risk of becoming stranded assets, according to a new report.
South African banks opt out of EACOP financing
Four of South Africa’s five major banks have said they will not support the East African Crude Oil Pipeline (EACOP), in Uganda and Tanzania.