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#StopEACOP campaign calls on Standard Bank to come clean about its funding of the East African Crude Oil Pipeline

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The #StopEACOP campaign has noted media reports that PR firm Edelman has ended its relationship with Standard Bank over Edelman’s refusal to provide reputation management services to the bank relating to its funding of TotalEnergies (Total)’s proposed controversial East African Crude Oil Pipeline (EACOP).

#StopEACOP commends Edelman for distancing itself from the bank over its role in the project.

Although Standard Bank remains tight-lipped in relation to its funding of EACOP, the media reports regarding Edelman appear to confirm #StopEACOP’s understanding that Standard Bank does intend to finance the pipeline.

The risks of funding EACOP are intensifying. Edelman’s withdrawal illustrates that these include significant reputational risks. #StopEACOP urges all Standard Bank customers, service providers, employees and shareholders to speak up against the project and the bank’s involvement in it.

The risks

The severe environmental, human rights, climate, legal, and commercial risks and impacts of EACOP are summarised in this series of finance risk briefings. Globally, 20 banks (including Total’s seven largest financiers) have made clear they will not finance the project, as have eleven insurers or reinsurers, several development finance institutions and four export credit agencies. Growing opposition to EACOP will continue to intensify the reputational and other severe risks it poses for Total, and the banks, investors and insurers backing the project.

Duncan Meisel, Director, Clean Creatives, says: “Fossil fuel projects like EACOP are a threat to the reputation of any company that promotes or funds them. Edelman’s decision not to work on this project is the right one, because it separates them from the countless local disasters caused by pipeline construction and operation – not to mention the carbon pollution EACOP will produce. During a climate emergency, ending support for life-threatening projects such as EACOP, and the fossil fuel companies behind them, is the cornerstone of responsible business practice.”

Standard Bank evasive

For several years now, Standard Bank has been evasive regarding the status of its financing of the project. Together with Sumitomo Mitsui Banking Corporation (SMBC) and the Industrial and Commercial Bank of China (ICBC), it acts as a financial advisor for the project.

Standard Bank has publicly stated that its participation in EACOP remains subject to the findings of environmental and social due diligence assessments of the project’s compliance with the Equator Principles.  At its 31 May 2022 AGM, the bank’s CEO, Sim Tshabalala, committed to making public the long-awaited Social and Environmental Consultant’s report into the EACOP project, commissioned by Standard Bank and conducted by Golder Associates. The bank has so far failed to meet this commitment and the bank has not responded to recent requests from organisations within the #StopEACOP campaign for an update on the status of this report.

A recent report by the Africa Institute for Energy Governance (AFIEGO), Inclusive Development International (IDI) and BankTrack demonstrates that banks supporting EACOP would be in non-compliance with their commitments under the Equator Principles, a risk management framework for financial institutions to identify, assess and manage environmental and social risks.

In other words, irrespective of what the yet-to-be-disclosed environmental and social report states, EACOP has now been shown to violate the Equator Principles. Given the bank’s commitment only to support the project if it complies with these Principles, this finding provides a further compelling reason for Standard Bank to back away from financing EACOP.

It is time for transparency. #StopEACOP calls on Standard Bank to publicly confirm – and explain – its position, and to end the prevarication and evasiveness which has characterised its responses to civil society for a number of years.

Source: justshare.org.za

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NGO WORK

New publication: Promise, divide, intimidate, and coerce: Tactics palm oil companies use to grab community lands. Summary Edition

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Recently, the Informal Alliance against industrial oil palm plantations in West and Central Africa has launched a new summary edition of the booklet “Promise, divide, intimidate, and coerce: Tactics palm oil companies use to grab community lands”.

Recently, the Informal Alliance against industrial oil palm plantations in West and Central Africa has launched a new summary edition of the booklet “Promise, divide, intimidate, and coerce: Tactics palm oil companies use to grab community lands”.

This new edition consists of a collection of more than 20 tactics that oil palm companies use to grab people’s land for plantation expansion. It is the result of many years of experience of community activists and grassroots groups who have been struggling to resist the corporate takeover of community lands.
Although the focus is on the tactics of oil palm corporations, many similarities exist with other industries and sectors involved in land grabs and extractivism. The booklet is available in French here, and in English here. If you think the booklet would be useful in other languages too, do not hesitate to let us know!

The the long version, from 2018, is available here: French / English.

Source: World RainForest Movement.

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Global Witness condemns escalating arrests of climate campaigners in Uganda

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A total of 96 cases of people being detained or arrested for opposing the controversial East Africa Crude Oil Pipeline (EACOP) have been reported in the past nine months, with the number of arrests skyrocketing in recent months.

In December, Global Witness released a report ‘Climate of Fear’ documenting reprisals against land and environmental defenders challenging plans to build the world’s longest heated crude oil pipeline through both Uganda and Tanzania. At the time, 47 people had been arrested for challenging the pipeline in Uganda between September 2020 and November 2023. Double the number of incidents have since been reported in less than a year.

Reports of attacks and threats have continued despite the French oil major behind the project TotalEnergies “expressing concern” to the Ugandan government over arrests in May 2024. Since then, the state crackdown has stepped up against a civil society mobilising to protest the pipeline.

Global Witness is calling on TotalEnergies to meet prior public commitments to respect the rights of human rights defenders and to take immediate action to end the violent crackdown on climate campaigners in Uganda.

Hanna Hindstrom, Senior Investigator at Global Witness’s Land and Environmental Defenders campaign, said:

“The tsunami of arrests of peaceful demonstrators fighting EACOP has exposed the limits of TotalEnergies’ commitment to human rights.

“The company cannot in good conscience press ahead with the pipeline while peaceful protesters are being attacked for exercising their right to free speech. It must adopt a zero-tolerance approach to reprisals.”

On 9 August, 47 students and three drivers were intercepted on their way to protest the pipeline and diverted to a police station. Just six weeks earlier, 30 people were arrested outside the Chinese embassy. In early June, environmental campaigner Stephen Kwikiriza was abducted and detained by the army, who reportedly beat him and dumped him on the side of a road a week later.

NGOs working on environmental conservation and oil extraction have also reported that their offices have been raided, and their staff intimidated and harassed, which has deterred many from speaking out about the pipeline.

Hindstrom added:

“Climate activism is under threat around the world, while fossil fuel companies quietly benefit. European oil companies cannot absolve themselves from responsibility while their investments fuel climate destruction, reprisals and violence overseas.”

Original Source: globalwitness.org

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‘Land grabbing is rolling along as we speak and in fact intensifying’

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Members of the Landless Workers’ Movement of Brazil (MST) march for agrarian reform. [Image for illustrative purposes only] Credit: MST BA

The International Panel of Experts on Sustainable Food Systems recently released a report highlighting escalating pressures on farmland. It identified four primary drivers: deregulation and financialisation, which treat land as a speculative asset; expanding conservation and carbon offset projects competing for land; mining, urban sprawl, and infrastructure developments encroaching on agricultural areas; and industrialised food systems favouring corporate chains over smallholders. These factors threaten equitable land access for farmers. Nettie Wiebe, a founding member of La Via Campesina and report co-author, emphasized these challenges in an interview with Think Ink, stressing the urgent need for policy reforms to protect agricultural lands and support small-scale farmers.

Here is an excerpt from the interview:

Land is just such an enormously important component of food systems, food security, food sovereignty. It’s also a key component of climate action and biodiversity. So who owns the land and what we do with the land on which we all depend are key components of our possible futures.

[The report] tries to clarify some trends, expose some assumptions, and come up with leverage points where we could make changes that would bring us to a place of greater equality, better protection of environments, and greater food security and sovereignty. […]

Land inequality is an old topic. It’s linked to colonialism, racism, patriarchy: I mean, it’s only relatively recently, in my generation, that women got equal access to land in the Prairies. These are deep seated issues that have troubled rural communities for a long time.

But there are some new trends. Land grabbing is one of those, which became pretty intense in the 2008 crisis and seemed to taper off. But it is rolling along as we speak and in fact intensifying. We looked not just at traditional land grabbing but there are new things like the deregulation of financial markets and the increasing financialisation of land transfers and land accumulation.

Green Grabbing is a relatively new trend that is perversely labelled as environmentally better and hence very difficult for environmentalists and those of us who care about climate change to push against. But for the most part, it is a pernicious diversion from real solutions.

Then there’s the increasing encroachment of urbanisation and mining. Here in Canada, the mining is in the north for the most part, which is not agricultural land. But elsewhere in the world, particularly in South and Central America and in Africa, extractive industries are a real assault on many communities, including small scale farming.

Then, of course, we talked about the assumptions around agriculture as just a productive asset, the bias towards productivism and maximising the production of very few major crops, very few species of animals, and the push to expand those everywhere, at the expense of biodiversity and diverse diets for people.

[…] Everywhere in the world, the increased pressure on the price of land spells displacement for small scale farming. That’s here in Saskatchewan, as well as in Honduras, Brazil, or Zimbabwe. Wherever we look, there’s pressure on land prices from the intrusion of major investors with deep pockets, sometimes governments, often agribusiness.

The report details that there’s a huge expansion in funds that are specifically allocated to grabbing land because it’s a physical asset, a capital asset, which is deemed to be more secure than bonds and other financial instruments.

And the deregulation of the financial market has encouraged, or at least permitted, a lot more of this to go on. That’s a policy issue. A governance issue.

It’s also a values issue. If we see land as just a productive asset to extract value from rather than seeing it as part of our identity, the place where we live, our source of culture and food, our web of life… Land isn’t just bushels per acre and the more you confine it to that domain, the more open it is to financial exploitation. This is a dangerous trend on many levels.

When we say that 70% of farmland is controlled by 1% of the world’s largest farms, that’s a dangerous trend because they don’t love the land. Land is like family: if you don’t love it, you will exploit it and destroy it. That’s what we’re seeing around us.

Source: viacampesina.org

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