UK’s Standard Chartered assailed for financing Philippines coal boom
Photo: The Mariveles Coal Power Plant, one of four financed by Standard Chartered. Photo: P199, CC BY-SA 4.0, via Wikimedia Commons Key Points: Human rights and environmental advocates filed a formal complaint with the UK government this week accusing Standard Chartered bank of contributing to human rights violations and failing to provide remediation for harms […]
Mitsubishi UFJ Financial Group Joins Growing List of Banks Distancing Themselves from East African Crude Oil Pipeline
In a significant development, Japan’s Mitsubishi UFJ Financial Group (MUFG) announced its non-involvement in financing the controversial East African Crude Oil Pipeline (EACOP). The decision comes in response to mounting pressure from climate activists and the StopEACOP coalition, highlighting concerns over the project’s impact on climate, nature, and human rights. MUFG’s withdrawal follows that of […]
Organizational Sign-On Letter Calling for the Release of Dang Dinh Bach and Support of Civil Society in Vietnam’s Just Energy Transition
Dear Supporters of a Just Energy Transition and Sustainable Development in Vietnam, We, the undersigned climate justice and human rights advocates worldwide, call for the immediate release of prominent environmental lawyer, Dang Dinh Bach, who is serving a five year prison sentence in Vietnam on trumped-up tax evasion charges after advocating for the country’s movement […]
SMBC Ends Involvement as EACOP Financial Advisor, Taking a Stance Against Controversial Project
The StopEACOP coalition celebrates Sumitomo Mitsui Financial Group’s (SMBC Group) recent declaration of non-involvement in the East African crude oil pipeline project (EACOP). SMBC’s decision comes on the heels of Standard Chartered Bank’s similar announcement, highlighting the growing concerns over climate change, the environmental impact associated with the project and the impact on frontline communities. This […]
Standard Chartered Takes a Stand: Refuses to Finance Controversial East African Crude Oil Pipeline
Standard Chartered’s recent decision not to finance the $5 billion East African Crude Oil Pipeline (EACOP) project, led by TotalEnergies, is a significant victory for the impacted communities and climate activists worldwide. The project has already resulted in violence, intimidation, and land use restrictions for project-affected people and frontline activists. The compensatory processes for the […]
Activists Call on AIG to Disavow Insurance Coverage of East African Crude Oil Pipeline
Outside of American International Group Inc.’s (AIG) headquarters, activists from Public Citizen, Climate Families NYC, Sunrise Movement NYC, and other groups called on the insurance giant to publicly commit not to provide coverage for the East African Crude Oil Pipeline (EACOP). As part of the action, the groups delivered over 50,000 petitions collected by Ekō, […]
Le géant de l’assurance Marsh sous le feu des critiques pour son rôle dans un projet pétrolier controversé
Inclusive Development International (IDI) et 10 organisations de défense des droits de l’homme et de l’environnement en Ouganda et en Tanzanie, qui préfèrent rester anonymes par crainte de représailles, ont déposé aujourd’hui une plainte auprès du gouvernement américain, alléguant que le géant de l’assurance Marsh, basé à New York et membre du groupe Marsh McLennan, […]
Insurance giant Marsh under fire over role in controversial oil project
Inclusive Development International and 10 human rights and environmental organizations in Uganda and Tanzania, which are remaining anonymous due to fear of reprisals, filed a complaint to the U.S. government today alleging that New York-based insurance giant Marsh, a member of the Marsh McLennan group, violated international guidelines for responsible business conduct by serving as […]
TotalEnergies’ East African pipeline breaches international environmental and human rights standards
A new report assessing the East African Oil Pipeline (EACOP) and associated oil fields against internationally recognized environmental and human rights standards for financial institutions finds numerous violations, putting banks at risk if they sign on to support the project. The assessment, undertaken by the Africa Institute for Energy Governance (AFIEGO), Inclusive Development International (IDI) […]
Top Dutch Asset Manager drops Total over East African pipeline project
Dutch asset management company, ACTIAM, confirmed this week in an interview with The Guardian that it pulled all investments from TotalEnergies and placed the company on an exclusion list over concerns about its controversial East African Crude Oil Pipeline (EACOP) project. ACTIAM is among the top ten Dutch asset managers and had nearly $4 million […]