Uganda, Tanzania pursue Eacop as activists press banks to stop funding

Activists demonstrating against Eacop

Activists demonstrating against Eacop in Kampala on February 22, 2023. PHOTO | COURTESY

Uganda’s planned $5 billion East Africa Crude Oil Pipeline (Eacop) has become a global flashpoint as climate campaigners intensify pressure on lenders to withdraw from the project, even as Tanzania government issued a construction licence.

Tanzania gave its approval on Tuesday, several weeks after Uganda did the same last month, for the pipeline construction. According to Peter Muliisa, the chief legal and corporate affairs officer at Uganda National Oil Company, this allows the countries to start moving the equipment to the sites.