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TotalEnergies financiers beware: EACOP is eating up money, nature and livelihoods
New briefing paper for financiers shows project leads forced to self-finance almost 90% of East African Crude Oil Pipeline
A new analysis shows that the developers of the East African Crude Oil Pipeline, led by France’s TotalEnergies, are being forced to self-finance the project almost entirely. The analysis, part of a new Finance Risk Update from a coalition of African and International civil society organisations, shows that the companies have abandoned plans to raise 60% of the project’s growing costs from…
