• Latest
China Should Not Be  Last Resort For EACOP Financing

China Should Not Be  Last Resort For EACOP Financing

May 9, 2025
Women in Leadership: Shaping the Future with Courage and Vision

Women in Leadership: Shaping the Future with Courage and Vision

October 22, 2025
Nyanjura Runs to Bisaka for Political Blessings

Nyanjura Runs to Bisaka for Political Blessings

October 22, 2025
VINAStech Advert

West Nile Region: President Museveni’s Message Focused on Consolidating Peace, Promoting Wealth Creation and Development

October 22, 2025
Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

October 22, 2025
63 Passengers Perish in Road Crash on Gulu Highway

46 Confirmed Dead as Police Revises Gulu Highway Death Toll

October 22, 2025
PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

October 22, 2025

Why Uganda’s mineral wealth has not translated into prosperity

October 22, 2025
63 Passengers Perish in Road Crash on Gulu Highway

63 Passengers Perish in Road Crash on Gulu Highway

October 22, 2025

All the reasons Mitooma voters are calling for Kyarampe to win the Woman MP seat

October 22, 2025

Namirembe Blessious: A New Voice Rising for Western Uganda’s Youth

October 21, 2025
Presidential Advisor rallies local artistes, radio presenters to canvas votes for Museveni

Presidential Advisor rallies local artistes, radio presenters to canvas votes for Museveni

October 20, 2025

Suzan’s Story: A Painful Reminder That HIV Is Still With Us

October 19, 2025
  • About Us
  • Internship
  • Contact Us
Wednesday, October 22, 2025
Parrots Media
No Result
View All Result
  • Login
  • News
    Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

    Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

    63 Passengers Perish in Road Crash on Gulu Highway

    46 Confirmed Dead as Police Revises Gulu Highway Death Toll

    PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

    PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

    63 Passengers Perish in Road Crash on Gulu Highway

    63 Passengers Perish in Road Crash on Gulu Highway

    Suzan’s Story: A Painful Reminder That HIV Is Still With Us

    Men Sucking Women’s Breasts Doesn’t Prevent Cancer, Oncologists

    Men Sucking Women’s Breasts Doesn’t Prevent Cancer, Oncologists

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
  • News
    Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

    Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines

    63 Passengers Perish in Road Crash on Gulu Highway

    46 Confirmed Dead as Police Revises Gulu Highway Death Toll

    PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

    PA Rugambwa Fulfills Mattresses Pledge Made to Rukungiri Residents

    63 Passengers Perish in Road Crash on Gulu Highway

    63 Passengers Perish in Road Crash on Gulu Highway

    Suzan’s Story: A Painful Reminder That HIV Is Still With Us

    Men Sucking Women’s Breasts Doesn’t Prevent Cancer, Oncologists

    Men Sucking Women’s Breasts Doesn’t Prevent Cancer, Oncologists

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
No Result
View All Result
Parrots Media
No Result
View All Result
Home Opinions

China Should Not Be  Last Resort For EACOP Financing

Gilbert Akampa Kakurugu by Gilbert Akampa Kakurugu
May 9, 2025
in Opinions
0
China Should Not Be  Last Resort For EACOP Financing
200
SHARES
213
VIEWS
Share on FacebookShare on X

OPINION

As the Ugandan government turns its gaze eastward to secure financing for the East African Crude Oil Pipeline, questions loom large over the project’s legitimacy and sustainability.

READ ALSO

Ready to eat or ready to waste? Uganda’s food habits in focus

President Museveni’s Campaign Trail in Lango Sub-region: A Push for Wealth Creation and Development

The pursuit of financial backing from Chinese institutions, following rejections by numerous European banks, signals desperation rather than sound economic strategy. It also underscores the international community’s increasing recognition of the risks and violations associated with EACOP.

To date, over two dozen major European financial institutions, including giants like BNP Paribas, Barclays, and Credit Suisse, have explicitly refused to fund EACOP. Their reasons are compelling the project poses severe environmental, social, and human rights risks that cannot be ignored. From displacing thousands of households in Uganda and Tanzania to threatening critical ecosystems and exacerbating climate change, EACOP is a textbook example of how short-term economic ambitions can imperil long-term well-being.

The rejection by European financiers is not an act of malice but a decision rooted in global accountability. These institutions recognize that supporting EACOP would contradict their commitments to sustainability and human rights. They have acknowledged the mounting evidence from environmentalists, human rights groups, and impacted communities detailing the pipeline’s potential to wreak havoc. By contrast, seeking Chinese financial support, particularly from state-backed insurers like SINOSURE and China RE, raises concerns about a double standard in global environmental governance.

China has often been criticized for its financing of projects in developing nations without adequate consideration of environmental and social safeguards. While Chinese investments have facilitated infrastructural development, they have also left a legacy of debt distress and environmental degradation. If Uganda secures financing for EACOP from China, it risks deepening its economic dependence on opaque loans, which could compromise the nation’s financial stability and bargaining power in the future. Additionally, the lack of stringent oversight on environmental impacts could exacerbate the project’s already controversial status.

The narrative that China represents a “last resort” for financing reinforces the idea that EACOP is a high-risk project, unworthy of global endorsement. But instead of chasing reluctant financiers, Uganda and its partners should take a step back and reevaluate the pipeline’s necessity. The world is transitioning to renewable energy, and fossil fuel projects like EACOP are increasingly seen as stranded assets. Doubling down on oil infrastructure in the face of a global energy shift is not only shortsighted but also economically imprudent.

 

In conclusion therefore, Uganda and Tanzania should prioritize investments that align with sustainable development goals. Redirecting focus toward renewable energy projects, such as solar and wind, that would attract ethical investors and provide long-term benefits for local communities. These alternatives promise not only environmental preservation but also job creation, energy independence, and global goodwill.

Financing EACOP through China is not a solution it is a shortcut to long-term challenges. It is time to put people and the planet before profit. Instead of making China the financier of last resort, Uganda should lead by example, pursuing development that respects human rights, preserves the environment, and positions the country as a leader in the green energy revolution.

Writer is: Mercy Nuwamanya

nuwamanya94@gmail.com

Related Posts

Opinions

Ready to eat or ready to waste? Uganda’s food habits in focus

October 16, 2025
Opinions

President Museveni’s Campaign Trail in Lango Sub-region: A Push for Wealth Creation and Development

October 16, 2025
Bobi Wine Miscalculated on Abolishing PDM
Opinions

Bobi Wine Miscalculated on Abolishing PDM

October 11, 2025
CLIMATE ACTION REPORTS

Empower youth to raise awareness about the benefits of renewable energy

October 10, 2025
Stop EACOP Financing Now: Prioritize Human Rights and the Environment
Climate Change

Investigate corruption incidents on the development of finished oil pipeline

October 7, 2025
Government Gives Teachers One Week to End Strike or Face Dismissal
Opinions

Teachers vow to stay home despite Minister Muruli’s Intimidations

October 3, 2025
Next Post
Why the government must prioritise the energy sector in FY 2025/2026

Why the government must prioritise the energy sector in FY 2025/2026

POPULAR NEWS

Minister Amongi, Akena Scrapped from EC Voters’ Register Oops

Minister Amongi, Akena Scrapped from EC Voters’ Register Oops

September 3, 2025
Catholic Priest Speaks Out Against Museveni and Son’s Leadership

Catholic Priest Speaks Out Against Museveni and Son’s Leadership

February 16, 2025

“Life Is Scum”: Kabale University Student Leaves Suicide Note, Takes Own Life

July 25, 2025

Former IGP Okoth Ogola Dies

February 14, 2025

CAF Warns Fans Against Obscene and Politically Charged Jerseys at Namboole

August 20, 2025

EDITOR'S PICK

Police Warns Against Fake Pastors

Police Warns Against Attack of Officers on Duty

June 23, 2025

RDC, Police in spotlight over rise in defilement cases.

August 4, 2020
DP Calls for Neutrality Following Gen. Muhoozi’s Political Utterances

DP Raises Concerns Over Deteriorating Diplomatic Relations Ahead of Uganda’s 62nd Independence Celebration

October 8, 2024
Mbarara City Head Coach Mbalangu Resigns

Mbarara City Head Coach Mbalangu Resigns

January 12, 2022
VINAStech advert VINAStech advert VINAStech advert
ADVERTISEMENT

About

Parrots Media

A Public Relations and Media Services Company registered and licensed to operate in Uganda and the Great Lakes Region.

Follow us

Categories

  • Business
  • BUSINESS REPORTS
  • CLIMATE ACTION REPORTS
  • Climate Change
  • COMMUNITY REPORTS
  • Education
  • Entertainment
  • FEATURES
  • Health
  • Lifestyle
  • News
  • News
  • Obituary
  • OBITUARY
  • Opinions
  • RELIGION
  • Religion
  • Science and Technology
  • Sports
  • Sports and Entertainment
  • TOURISM

Recent Updates

  • Women in Leadership: Shaping the Future with Courage and Vision
  • Nyanjura Runs to Bisaka for Political Blessings
  • West Nile Region: President Museveni’s Message Focused on Consolidating Peace, Promoting Wealth Creation and Development
  • Kyarampe Nominated for Mitooma District Woman MP Seat, Calls for Unity and Support Across Party Lines
October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
  • About Us
  • Internship
  • Contact Us

© 2025 Parrots Media | Website Designed and Maintained by VINAStech

No Result
View All Result
  • Parrots Media
  • News
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Lifestyle
  • Others
    • Climate Change
    • Education
    • Religion
    • Opinions

© 2025 Parrots Media | Website Designed and Maintained by VINAStech

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

You cannot copy content of this page