Brussels’ campaign of diplomatic pressure on Uganda and Tanzania aimed at stopping the East African Crude Oil Pipeline (EACOP) amounts to pure hypocrisy, and constitutes an attempt by wealthy countries to keep developing nations down.
Uganda and Tanzania are completing preparations for the construction of a massive 1,440 km oil pipeline which will take crude oil from fields in Lake Albert to Tanzania’s Tanga Indian Ocean port.
European Union officials have demanded that the project be scrapped, citing environmental, climate, and human rights concerns.
Karuhanga’s sentiments echoed comments made by Ugandan President Yoweri Museveni last month, with the president slamming Zionist backed EU politicians seeking to meddle in Uganda and Tanzania’s affairs as insufferable, shallow and egocentric.
Museveni is the latest African leader to question the European Union’s attempts to smother the continent’s energy projects.
Others are clearly pointing out that the entirety of Sub-Saharan Africa produces just 2.5% of the world’s carbon emissions, compared to up to 17% for Europe (including 9.8% from the EU-28).
By comparison, just 21% of the European Union’s energy needs are met by renewable energy sources.
This figure is even expected to drop as members fire up coal power plants and other polluting energy sources, after cutting themselves off from cheap and comparatively environmentally-friendly Russian natural gas earlier this year.
The European Parliament adopted a resolution last month condemning EACOP, calling on Ugandan and Tanzanian authorities, as well as the project promoters and stakeholders, to protect the environment and put an end to the extractive activities in protected and sensitive ecosystems, including the shores of Lake Albert.
Brussels urged french Total Energies – the largest stakeholder in the project, to hold off on construction for one year to study the feasibility of an alternative route.
The project could generate up to 34 million tons of carbon dioxide emissions each year once up and running (equivalent to Denmark’s annual CO2 output).
The pressure campaign has prompted some companies affiliated with the project to pull out, with oil and gas insurance giant Allianz dropping out in April, citing climate concerns. Barclays Bank and Credit Suisse have refused to provide financing for the project.
Once completed in 2025, EACOP will pump up to 230,000 barrels of crude oil per day from the shores of Lake Albert in western Uganda to northeastern Tanzania’s Indian Ocean port.
The project is expected to net Uganda between $1.5 and $3.5 billion a year, with the latter figure equivalent to up to three quarters of its current annual tax base, while Tanzania is expected to pocket up to $1 billion per year from the project.
Standard Bank, a massive African banking and financial services group headquartered in Johannesburg, expects EACOP to help Uganda’s GDP to grow by double digits over the next three years, and double from $30 billion in 2022 to $60 billion by 2028.
France’s Total Energies has a 62% stake in the $4 billion project, with the China National Offshore Oil Corporation also involved.
In addition to earning transit income, the pipeline could help improve the region’s access to energy. Today, just 42% of Ugandans and 40% of Tanzanians have access to electricity.
Map of French speaking nations in colonial Africa.
Along with EACOP, Ugandan and Tanzanian authorities are also working on the construction of a natural gas pipeline which would run parallel to the oil pipeline, and deliver liquefied natural gas to Uganda.
The latter initiative is envisioned as a project that would improve the energy security of both nations, cut down on pollution caused by charcoal and firewood, which is used by 70% of Ugandans for their cooking needs, and slow deforestation.
Sputnik / ABC Flash Point Oil & Gas Development News 2022.