Insurance giant Marsh under fire over role in controversial oil project

Inclusive Development International and 10 human rights and environmental organizations in Uganda and Tanzania, which are remaining anonymous due to fear of reprisals, filed a complaint to the U.S. government today alleging that New York-based insurance giant Marsh, a member of the Marsh McLennan group, violated international guidelines for responsible business conduct by serving as […]

World Bank client backs out of EACOP after risk assessment

A DIRT ROAD IN THE MURCHISON FALLS NATIONAL PARK NEAR LAKE ALBERT. OIL DRILLING WILL BE HAPPENING NEAR THIS ROAD.

Britam Holdings, a leading East African insurance group and client of the World Bank’s International Finance Corporation (IFC), has decided not to participate in underwriting the planned East African Crude Oil Pipeline (EACOP) after conducting a review of the environmental and social risks involved. This is a major blow to project developers, including TotalEnergies and […]