Pressure mounts on EACOP insurers amid carbon push

SourceEnergy Voice
SectorOil & Gas
CountryGulf

Groups opposing TotalEnergies’ plan for an East African pipeline have called on insurance and reinsurance brokers to steer clear.

Total East Africa Midstream announced a tender seeking “experienced and reputable insurance/reinsurance brokers”. Interested companies should express interest by June 19 for work on the East African Crude Oil Pipeline (EACOP).

The company said it required reinsurance and insurance to work on placement in the local and international markets. They would also have to link up with the Tilenga insurance programme.

Global Catholic Climate Movement programme co-ordinator Prince Papa said the EACOP plan was an “18th century project, and one which is not fit for either Uganda or the world today.

The project is already forcefully displacing local communities, endangering wildlife and protected biodiversity areas, and tipping the world closer to climate catastrophe.”

EACOP oil would generate more than 34 million tonnes per year of carbon emissions, the groups say.

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