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Standard Bank announced it is set to move forward with funding for TotalEnergies' planned East Africa Crude Oil Pipeline (EACOP) project. The bank completed a yearslong review, including environmental and due diligence processes. The project, estimated to cost $5 billion, has faced controversy with environmental campaigners urging banks to abandon financing. Standard Bank, Africa's top lender, expects to make further announcements in the coming months. #oott
Standard Bank Group is set to fund TotalEnergies’s $5B East Africa Crude Oil Pipeline (EACOP) after a comprehensive review. The project, from Uganda to Tanzania, faced strong opposition from environmental groups over wildlife, community impacts & emissions. [@BloombergAfrica] https://t.co/YZKWH70UYi https://t.co/sdJgDS9qLY
Africa’s top lender, Standard Bank, expects to help fund part of the planned $5-billion East Africa Crude Oil Pipeline (EACOP), a controversial project that has had environmental campaigners call on banks to abandon financing for the pipeline. https://t.co/Re0PelTxCd
Standard Bank said it is set to move forward with funding for TotalEnergies's planned East Africa Crude Oil Pipeline project after completing a years-long review. | @News24_Business https://t.co/vOwfyywsl2
