East African oil pipeline would cause more emissions than Denmark | China Dialogue

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Chinese lenders should pull out of the risky Uganda–Tanzania oil project and invest in renewables instead, argues Erik Myxter-lino.

Chinese lenders should pull out of the risky Uganda–Tanzania oil project and invest in renewables instead, argues Erik Myxter-lino. Since 2017, China National Offshore Oil Corporation (CNOOC) has been working with oil majors Total and Tullow to exploit untouched oil in western Uganda. Yet the project is stuck in limbo. The stoppage is a chance for lenders to re-think their commitment to a risky project that would push East Africa and the world closer to an environmental and climate disaster. READ FULL ARTICLE ▶

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