Financing the East Africa Crude Oil Pipeline (EACOP): Helping or hindering development?

Tuesday October 18, 2022 (10:30AM - 11:50AM EST)

Omar Elmawi and Isabelle L'Héritier and Simon Nicholas

Tuesday October 18, 2022 (10:30AM - 11:50AM EST)

A number of financial institutions have ruled out funding the EACOP and related oil drilling projects in Uganda, but some banks and insurers remain attached to the project. Underlying the debate is whether such fossil fuel projects today, although long pursued in some other countries over the years, would actually boost—or hinder—economic prosperity and well-being in Africa.

Speakers: Omar Elmawi, Isabelle l'Heritier, Christian Vanizette

Moderator: Simon Nicholas

Omar Elmawi

Omar Elmawi is a lawyer with over 10 years of experience assisting communities to assert their rights and have their voices heard in local development projects. Currently, he is coordinating the Stop EACOP campaign, a global push to stop what would be the world's longest heated crude oil pipeline in East Africa if constructed.

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Isabelle L'Héritier

Isabelle L'Héritier is a finance campaigner and organizer at The Sunrise Project for the "Insure Our Future" campaign. L'Héritier has been fighting against fossil fuel expansion and for climate and social justice for over 10 years.

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Simon Nicholas

Simon Nicholas is IEEFA’s Lead Energy Finance Analyst for Bangladesh, Pakistan and the global steel sector as well as Asian seaborne thermal and coking coal markets.

Simon’s focus is on the energy transition, the long-term outlooks for coal and steel as well as the need for emerging nations to establish financially sustainable power systems to support their development.

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