The #SerengetiStrategy has proven effective for climate activists as well:
"The #EACOP pipeline, budgeted at $5 billion, has emerged as a test for the finance industry’s appetite for backing #FossilFuel projects, as protestors target individual firms. Their pressure campaign has already secured numerous victories, with several European #insurers pledging not to finance the #pipeline."
Next chapter in this saga:
"The #financing of the East African Crude Oil Pipeline (#Eacop) project has been hit by funding hitches as major lenders cave in to pressure from #climate activists to abandon it.
[Total Energies] has signed a deal with #China Petroleum Pipeline Engineering (CPP) for the construction and supply of line pipe, a development that tilts the trans-border project to Beijing."
Can we still #StopEACOP ?
https://www.theeastafrican.co.ke/tea/news/east-africa/china-takes-over-eacop-funding-4225018
"A group of 188 scientists and experts condemn the 'carbon bomb' represented by the French multinational's #oil #pipeline project in Uganda."
#TotalEnergies #EACOP
https://www.lemonde.fr/en/opinion/article/2023/05/07/we-call-on-totalenergies-shareholders-to-vote-against-the-firm-s-climate-strategy_6025797_23.html
Meanwhile,
"Democratic Republic of #Congo’s oil ministry announced new due dates for bids on four #oil blocks in its eastern region, including one that overlaps with a famous #gorilla #habitat.
The bid round has drawn criticism because several of the blocks overlap with #peatlands, tropical forests, national parks and habitats for #endangered #species."
Oil from these eastern regions of #DRC would use the #EACOP #pipeline to reach the coast.
"The consortium — the Ugandan and Tanzanian governments, France’s #TotalEnergies and China’s #Cnooc — say the 900-mile East Africa Crude Oil Pipeline, or #EACOP, will create thousands of jobs and generate billions of dollars in government revenues."
Africa’s access to sustainable solutions is hamstrung by a lack of #ClimateFinance."
Uganda's Museveni: “Those who are telling us ‘don’t exploit’ have developed beyond measure because of exploiting.”
"216,000 barrels a day will be exported abroad — often to countries that are limiting their own #FossilFuel production.
“These resources are servicing the energy needs of the Global North to facilitate their own #transition away from fossil fuels, while African countries get locked in a fossil fuel economy and their people are made to bear the entirety of the #social and #environmental #costs.” –Zaki Mamdoo, #StopEACOP
With fossil fuels, it's #colonialism all the way
CelloMom On Cars
