Both ENDS
Utrecht/Amsterdam, 27 September 2022 - On Wednesday 28 September, Dutch civil society organisations will organise a protest at the offices of oil giant TotalEnergies in The Hague, drawing attention to the problems surrounding the East African Crude Oil Pipeline (EACOP) in Uganda. They are calling on investors to get out of TotalEnergies because of this project, which is causing human rights violations and serious environmental pollution. Two weeks ago the European Parliament passed a resolution against the human rights violations linked to EACOP.
Investment treaties must be inclusive, sustainable and fair. That means that they must not put the interests of companies before those of people and their living environment.
The Dutch pension fund, ABP, invested about two billion euros more in the fossil energy industry at the end of 2016 than the year before. This is announced by the report "Dirty & Dangerous: the fossil fuel investments of Dutch pension fund ABP," published today by Both ENDS, German urgewald and Fossielvrij NL. The report criticizes these investments because of the impact on the climate and the catastrophic consequences for the people in the areas where coal, oil and gas are being produced.
