[ [link removed] ]350.org

 

 



John -

We launched a BIG campaign in the U.S. targeting one of the most powerful
U.S. insurance brokers: Marsh McLennan – a major linchpin in the proposed
East African Crude Oil pipeline (also known as EACOP).

But while this facet of the campaign might be new, our colleagues at 350
Africa and 350 Europe have been working to stop this disastrous pipeline
for years.

In this email, we’ll catch you up on everything the #StopEACOP team has
accomplished over the last year and a half, but first:



[ [link removed] ]Will you sign our letter to the CEO of Marsh McLennan calling on him to
drop the East African Crude Oil Pipeline?

[ [link removed] ]Sign now »



To catch you up, French oil giant, TotalEnergies, is attempting to build
the world’s longest crude oil pipeline right through the heart of Uganda
and Tanzania.

If built, the pipeline would run through the basin of Africa’s largest
lake, Lake Victoria, which more than 40 million people depend on for water
and food production. It would cross more than 200 rivers and force 100,000
people from their land.^1

Just one spill or leak could have catastrophic effects on these vital
freshwater sources and the millions of people that depend on them.

February 2021

While local communities and organizations in Uganda and Tanzania have been
leading the charge against Total’s reckless project for years, speaking
out in countries like Uganda and Tanzania can come with serious risks.

So, local campaigners sought international allies and supporters to help
amplify their message, which led to the birth of the International
#StopEACOP coalition in February 2021. Over 260 community and non-profit
organizations from around the world urged the CEOs of 25 banks not to
participate in loans that would fund this project.

[5]#StopEACOP activists protesting Total

March 2021

Following advocacy efforts by the #StopEACOP coalition, the campaign
celebrated a major victory when Barclays and Credit Suisse became the
first major international commercial banks to confirm that they would not
finance the pipeline.^2 One month later, three major French banks followed
suit.^3

[6]Headline: Barclays and Credit Suisse rule out supporting East African
Crude Oil Pipeline in the face of growing community concern

June 2021

Total put out a call for insurance and brokerage services for the project
and our movement immediately took action. We called upon leading
re/insurance brokers to reject the tender and pledge not to support the
project due to its impacts on the climate, environment, and communities.^4

One month later, Axa became the first insurer to rule out the project and
seven more insurance companies have followed since.^5

[7]Headline: Axa becomes the first insurer to say no to Total's oil
project in East Africa

May 2022

The #StopEACOP movement celebrated another batch of victories when five
banks including Deutsche Bank, Citi, JPMorgan Chase, Wells Fargo, and
Morgan Stanley (and some major insurance companies) all said they wouldn’t
fund EACOP.

This takes the number of banks who have rejected EACOP project loans to 20
and the number of insurers who’ve rejected to eight. The list of banks
who’ve rejected the project includes seven of Total’s ten largest lenders.

[8]Stop EACOP projected on side of JPMorgan building

After one of the most powerful U.S. insurance brokers, Marsh McLennan,
announced they are trying to help get this pipeline over the finish line
by finding insurance for the project, 350 U.S. launched a campaign calling
on the CEO to drop their involvement.



So far, over 16,000 people have signed the petition, but your name is not
on it yet,
John.

[ [link removed] ]Please support local activists in Uganda and Tanzania by signing our
petition calling on Marsh McLennan to publicly reject any insurance for
EACOP.



There is so much more work to be done, but all of our progress thus far
proves that together we can stop this project for good.

Thank you for being part of this crucial work. We couldn’t do it without
you.

In solidarity,

Ellie May
Global Digital Campaigner
350.org

P.S. Lastly, if you missed yesterday’s StopEACOP webinar, you can
[ [link removed] ]watch and share the recording here.

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1 - [ [link removed] ]Stop EACOP
2 - [ [link removed] ]Gem Wiki
3 - [ [link removed] ]Stop EACOP
4 - [ [link removed] ]Stop EACOP
5 - [ [link removed] ]Stop EACOP




 




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