Global Protests Target Banks Funding East African Crude Oil Pipeline
Today, members of the #StopEACOP coalition are leading a coordinated Global Day of Action across 17 cities, including Kampala, Johannesburg, Paris, New York, and Tokyo, demanding that Standard Bank, Sumitomo Mitsui Banking Corporation (SMBC), and Standard Chartered withdraw from the East African Crude Oil Pipeline (EACOP) project. The protesters are emphasizing the project's non-compliance with the Equator Principles (EPs), which are a benchmark for determining environmental and social risk for project financing. Standard Bank and SMBC are financial advisors to the project's operators and are helping to arrange multi-billion dollar project financing. Standard Chartered has not ruled out financing the project. Click here to read the full press release
You can still join the action. People around the world are uniting in resistance to Total’s climate-wrecking East African Crude Oil Pipeline (EACOP). Click here and see the actions you can take and how to mobilise your community to act.