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 […]