abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb

このページは 日本語 では利用できません。English で表示されています

記事

2023年11月21日

著者:
Just Finance International

Uganda: Report finds western financial institutions still finance EACOP through CNOOC despite withdrawal claims; incl. cos comments

"Western investors are fueling the controversial East African oil pipeline through the back door" November 21, 2023

In the wake of EACOP’s harmful impacts coming to light, several leading banks, underwriters, insurance companies and investors have publicly declared that they would withdraw involvement in this project. In recent years, banks like Citigroup, HSBC, Mizuho, Société Générale, Mitsubishi UFJ, Credit Suisse and JP Morgan Chase have formally stated that they will not be a part of EACOP...

Despite their public pledges, research by Just Finance International (JFI) has found that all above-mentioned banks and several other leading investors are still backing EACOP through one of its financing partners, the Chinese parastatal oil company called China National Offshore Oil Corporation (CNOOC). CNOOC is one of the shareholders in the EACOP project and an important player licensed to extract the oil and build the pipeline.

[...]

An analysis by JFI of available investment data shows that the total funding from Western financial institutions is significant...The market value of the 10 biggest shareholders was 342 million USD in December 2022. The list features several leading Western investment firms...These include Citigroup, Credit Suisse and Société Générale, banks that have all publicly announced their withdrawal from involvement in EACOP...

JFI has reached out to all the finance companies in the list below for comment, and a summary of their response can be found here. Most of the investors argue that they can not disclose any information about their clients and are therefore unable to comment. Still, many of the banks and investors that responded claim that they will not invest in the EACOP...

タイムライン

プライバシー情報

このサイトでは、クッキーやその他のウェブストレージ技術を使用しています。お客様は、以下の方法でプライバシーに関する選択肢を設定することができます。変更は直ちに反映されます。

ウェブストレージの使用についての詳細は、当社の データ使用およびクッキーに関するポリシーをご覧ください

Strictly necessary storage

ON
OFF

Necessary storage enables core site functionality. This site cannot function without it, so it can only be disabled by changing settings in your browser.

クッキーのアナリティクス

ON
OFF

When you access our website we use Google Analytics to collect information on your visit. Accepting this cookie will allow us to understand more details about your journey, and improve how we surface information. All analytics information is anonymous and we do not use it to identify you. Google provides a Google Analytics opt-out add on for all popular browsers.

Promotional cookies

ON
OFF

We share news and updates on business and human rights through third party platforms, including social media and search engines. These cookies help us to understand the performance of these promotions.

本サイトにおけるお客様のプライバシーに関する選択

このサイトでは、必要なコア機能を超えてお客様の利便性を高めるために、クッキーやその他のウェブストレージ技術を使用しています。