Press Room

In The News

December 21, 2022
Posco International Corp. is one of the last foreign companies with a significant stake in Myanmar’s oil and gas sector, despite the industry’s ties to a military regime that has been widely condemned for violations of human rights. The South Korean company also remains a holding in nearly a dozen ESG-focused funds.
November 28, 2022
US non-profit claims insurer’s decision not to back pipeline suggests project does not meet World Bank criteria.
November 27, 2022
The East African
Insurance firm Britam has backed out of a deal to underwrite the East African Crude Oil Pipeline (Eacop) after the firm’s own internal environmental and social risk assessment revealed that its participation in the $5 billion project violated its backers’ policies and performance standards.
November 22, 2022
Commercial Risk
Britam Holdings, a leading east African insurance group and client of the World Bank’s International Finance Corporation (IFC), is the latest carrier to pull capacity from the planned East African Crude Oil Pipeline (EACOP) after conducting a review of the environmental and social risks involved.
November 21, 2022
Energy Voice
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.
November 7, 2022
Africa Report
Since EACOP set foot in Uganda and Tanzania, Project Affected Persons (PAPs) have cited delays and unfair compensation for their land. In Uganda, farmers fear the economic consequences of the absence of crops, whilst in Tanzania local communities lack information.
November 1, 2022
Activists have accused an association of banks claiming to adhere to principles safeguarding people and the environment of “greenwashing.” Two signatories of the Equator Principles are currently advising East African governments and their oil major partners on securing finance for the EACOP pipeline.
October 25, 2022
Thai sugar giant Mitr Phol, accused of forced displacement, property destruction and land grabbing, is being sued by Cambodian villagers in a class action suit before the Thai courts. This is a David and Goliath battle that is also a first in the region and illustrates the creativity of the activists who support them.
October 12, 2022
Ouest France
Accusé de mener un mégaprojet pétrolier climaticide au mopérantépris des droits humains en Ouganda et en Tanzanie, TotalEnergies devait comparaître devant la justice française ce mercredi 12 octobre, face à des ONG.
September 18, 2022
The Standard (Kenya)
At least 30 people were killed in Uganda following flash floods in August, which saw rives burst their banks after two days of heavy rainfall. This has become a common tale: Heavy rains, flash floods, deaths, displacement and disruption of social and economic aspects of victims’ lives.