We’re thrilled to announce that after months of campaigning, five more major insurance companies have announced they will not support the East African Crude Oil Pipeline (EACOP)!
This is a huge win for communities all over the world fighting fossil fuel pollution.
With your support, we’ve kept the pressure up on companies at the controversial insurance marketplace, Lloyd’s of London. As a result, 5 of those companies – SiriusPoint, Riverstone International, Enstar Group, Blenheim and SA Meacock – all confirmed to us last week that they would have nothing to do with EACOP.
That brings the total to 28 global insurers now distancing themselves from the pipeline.
But we’re not stopping there. We’re going to ramp up pressure on the big insurers who are still choosing short-term profits over a safe future for our loved ones.
With your help, we can persuade major corporations AIG, Tokio Marine and Hiscox, to rule out involvement in EACOP.
From 26th Feb to 3rd March, we will be taking part in a Global Week of Action – with citizens from Africa to Latin America getting out on the streets and telling insurance companies to protect our future, not fossil fuels.
Sign up here to find exciting events near you.
The Global Week of Action is a perfect opportunity for us to win more victories in the fight against EACOP. Young people in Uganda and Tanzania have been bravely taking the lead, protecting their communities from exploitation and rising temperatures. Alongside Insure our Future and StopEACOP, Coal Action Network is standing in solidarity with them, holding insurance companies to account for their involvement in a dirty project that would endanger local people, and harm vital ecosystems.
EACOP is majority-owned (62%) by French oil giant Total, with the rest of the project owned by the state oil companies of China, Uganda and Tanzania.
But, the pipeline has struggled to get insurance and the $3bn loan it needs, causing construction to be delayed by over 4 years. Uganda’s Energy Minister has even said that, due to campaigners’ efforts, securing insurance has been the biggest challenge to the pipeline’s construction. And we’ve convinced 27 major banks to recoil from the project.
But we’re not stopping yet. Total and the Ugandan government are hoping China will step in and lend them the billions they need. Their deadline is April. If we can convince enough insurers to step away from EACOP by then, we will show the Chinese banks that the pipeline is just too risky to touch.
That’s why we will make our voices heard loud and clear on EACOP during the Global Week of Action.
‘Energy Recovery Investments Ltd’ is proprosing to extract the coal from 3 large coal tips in Bedwas, Caerphilly, South Wales. The company claims that it would use some of the sales of the coal to restore those coal tips later. The coal tips lie above a coal seam, which the company claims it would coincidentally have to dig into to create ‘lagoons’ for processing the coal from the coal tips…
The Crown Prosecution Service has dropped all charges against the four Extinction Rebellion (XR) activists who blockaded the entrance to the UK’s largest open-cast coal mine, last summer with a pink boat. While removing the immediate burden of legal confrontation for the defendants, the decision has left a “crater of unfinished business” in the fight for climate justice and accountability for local residents…
Citing different grounds to the High Court, the Court of Appeal has nevertheless found against our appeal. The Court of Appeal judges disagreed with the judge in the High Court, and decided that current statute limits Welsh Ministers to only deciding whether a new conditional licence may be issued…
Today, 6th February 2024, Coal Action Network was back in court, this time appealing last year’s decision by the court that the Welsh Government couldn’t prevent an extension at Aberpergwm coal mine.
After months of campaigning, five more major insurance companies have announced they will not support the East African Crude Oil Pipeline (EACOP)!
EMR Capital, the company that owns 81% of the proposed West Cumbria Coal mine is currently operating another coking coal mine – Kestrel.
On 23 October 2023, over 30 Wales-based NGOs, businesses, and community groups signed an open letter to Wales’ Climate Change Minister, Julie James, calling for the Welsh Government to ban coal mining once and for all (sent by Climate Cymru). On 10th January 2024, Julie James wrote back…
How did we get here? Ten years of events that have led to where we currently stand with the proposed Whitehaven coal mine
Port Talbot Steelworks in South Wales is the largest producer of virgin steel in the UK. Along with British Steel steelworks in Scunthorpe, Port Talbot steelworks is expected to shut down its blast furnaces in 2024 and build a 3 million tonne (MT) electric arc furnace (EAF) to recycle scrap steel. This is a measure to reduce the steelworks CO2 footprint by cutting out coal used in traditional blast furnaces in virgin steelmaking.