Standard Bank targeted in appeal to avoid financing oil pipeline in East Africa
Non-profit group says East African project could lead to the loss of land and livelihoods, environmental destruction and surging carbon emissions
01 March 2021 - 21:22
More than 260 charities on Monday urged banks not to finance a $3.5bn oil pipeline in East Africa, concerned the project could lead to the loss of community land and livelihoods, environmental destruction and surging carbon emissions.
France’s Total and China National Offshore Oil Corporation (CNOOC) are due to start work soon on a 1,445km pipeline from western Uganda through neighbouring Tanzania to the Indian Ocean port of Tanga...
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