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

이 페이지는 한국어로 제공되지 않으며 English로 표시됩니다.

이 내용은 다음 언어로도 제공됩니다: English, 日本語

기사

2023년 6월 5일

저자:
BankTrack,
저자:
#StopEACOP,
저자:
350.org Japan

Japan's Mitsubishi UFJ Financial Group distances itself from the East African Crude Oil Pipeline, welcomed by CSOs

"Mitsubishi UFJ Financial Group distances itself from the East African Crude Oil Pipeline" 5 June 2023

The StopEACOP coalition welcomes the news that Japan’s Mitsubishi UFJ Financial Group (MUFG) is not involved in financing the East African Crude Oil Pipeline (EACOP). The controversial EACOP project has been a subject of deepening concerns due to its implications on the climate, nature and human rights. This response from MUFG results from concerted efforts by regional and global climate activists who are members of the StopEACOP coalition.

Responding to questions from 350 Japan, MUFG noted the exceptional circumstances that required the bank to comment on the situation. The bank said: “We refrain from commenting on individual transactions, even if we are not involved in, or have ruled out, the financing of a project. However, given the unique level of interest in EACOP, on an exceptional basis, we can confirm that we are not involved in its financing.”

MUFG’s announcement follows the withdrawal of another Japanese bank, Sumitomo Mitsui Financial Group (SMBC Group), which like MUFG, has been a major financier to TotalEnergies, the main shareholder of the planned controversial pipeline.

MUFG attributed its response to the exceptionally high level of interest in the EACOP project, which can be credited to the dedicated efforts of activists from the StopEACOP coalition, 350 Japan and other campaigners from Japan to Uganda and Tanzania.

The proposed EACOP pipeline will be the world's largest heated crude oil pipeline, beginning at Hoima in Uganda and terminating in Tanga Port in Tanzania, spanning 1,443 kilometers. However, the project has sparked controversy due to its potential contributions to climate change and human rights abuses, including loss of livelihood by the frontline communities.

"MUFG has been a long-standing supporter of Total. For them to confirm non-involvement in EACOP is a significant development. It further elucidates this project’s problematic and harmful nature and the risks involved for any institutions that would back it. While we welcome this announcement, we are concerned that banks like Standard Bank remain stubborn in supporting this project. We hope that this announcement will make Standard Bank realize its need to denounce its current position and withdraw support for EACOP", said Zaki Mamdoo, StopEACOP Campaign Coordinator.

"This response by MUFG is good news for the citizens of Africa, Japan, and the world. With this news, all three Japanese megabanks distanced themselves from the East Africa Crude Oil Pipeline (EACOP), which threatens the people and nature of Africa and could result in annual emissions of up to 34 million tons of CO2. The Japanese government and private sectors should support the energy of the future, renewable energy, not the energy of the past, fossil fuels", said Masayoshi Iyoda, 350.org Japan Interim Team Lead.

"MUFG's decision to rule out financing EACOP, acknowledges the project’s devastating social, economic, and environmental impacts in Uganda. This decision sends a powerful message to the financial sector and the world, emphasizing the importance of prioritizing people and the planet over short-term gains. It serves as a reminder that true progress lies in fostering development that respects the well-being of communities, safeguards ecosystems, and contributes to a sustainable future for all", said Charity Migwi, Africa Regional Campaigner 350 Africa.

“MUFG following its Japanese peers and abandoning the EACOP should be a stark warning to Chinese lenders considering supporting the project. Banks including ICBC, which is still a financial advisor to EACOP, as well as China Exim Bank, should take their lead from Xi Jinping’s promise to give priority to environmental protection and become true green leaders. This can only mean following the example of their Japanese peers and ruling out any involvement or financing of this dangerous and incredibly risky project”, said Henrieke Butijn, Climate Campaigner and Researcher, BankTrack. 

[...]

타임라인

개인정보

이 웹사이트는 쿠키 및 기타 웹 저장 기술을 사용합니다. 아래에서 개인정보보호 옵션을 설정할 수 있습니다. 변경 사항은 즉시 적용됩니다.

웹 저장소 사용에 대한 자세한 내용은 다음을 참조하세요 데이터 사용 및 쿠키 정책

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.

분석 쿠키

ON
OFF

귀하가 우리 웹사이트를 방문하면 Google Analytics를 사용하여 귀하의 방문 정보를 수집합니다. 이 쿠키를 수락하면 저희가 귀하의 방문에 대한 자세한 내용을 이해하고, 정보 표시 방법을 개선할 수 있습니다. 모든 분석 정보는 익명이 보장되며 귀하를 식별하는데 사용하지 않습니다. Google은 모든 브라우저에 대해 Google Analytics 선택 해제 추가 기능을 제공합니다.

프로모션 쿠키

ON
OFF

우리는 소셜미디어와 검색 엔진을 포함한 제3자 플랫폼을 통해 기업과 인권에 대한 뉴스와 업데이트를 제공합니다. 이 쿠키는 이러한 프로모션의 성과를 이해하는데 도움이 됩니다.

이 사이트에 대한 개인정보 공개 범위 선택

이 사이트는 필요한 핵심 기능 이상으로 귀하의 경험을 향상시키기 위해 쿠키 및 기타 웹 저장 기술을 사용합니다.