Tag: Pipeline
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πΊπ¬πΉπΏ Standard Bank is ready to continue financing EACOP after internal review
Standard Bank Ltd. continues to finance the East Africa Crude Oil Pipeline project, carried out by TotalEnergies SE. The $5 billion pipeline will connect oil fields in Uganda with an export terminal in Tanzania. However, the project faces strong opposition from environmental organizations. In 2021, the bank hired an independent consultant to assess its involvement,…
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