If we hope to limit global warming to 1.5 degrees Celsius, we can’t develop any new oil and gas fields anywhere.
The East African Crude Oil Pipeline (EACOP) is a proposed pipeline that would run from Kabaale, Uganda to the northeastern coast of Tanzania. The project includes plans to drill 130 oil wells in Murchison Falls National Park and to develop oil fields on the shores of Lake Albert. It would also displace about 118,000 people across Uganda and Tanzania, endanger the region’s unique ecosystems, and threaten wetlands, wildlife, and fresh water sources that support millions of Africans.
You’ll hear from speakers from around the globe about how you can take action on the financing behind the East African Crude Oil Pipeline and how it affects local communities and will have devastating climate impacts.
As Eastern Africa faces environmental degradation, widespread community displacement, and climate injustice, North American investors watch their holdings rise. This is corporate colonialism in action.
To put it in context, from 2016-2019, the world’s G20 countries provided $47 billion in public financing for fossil fuels in Africa. That’s 3.7 times the amount invested in renewable energy sources.
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