Browsing: EU Parliament EACOP joint motion

More importantly though, a clear signal was sent to the EU Parliament that the colonial days are over and that meddling in affairs and interfering with matters that are of the exclusive sovereign remit of the host countries, Uganda and Tanzania, is simply not tolerated.

Following the EU Parliament’s action, Total Energies is to appear before the Parliament for a hearing and answer queries that the members of parliament will have. That coupled with the fact that Total has an ongoing court case in France regarding an allegation of its failure to put in place an adequate vigilance plan covering health, safety, environment, and human rights risks as required by French law, related to the the same EACOP project, it will be interesting to see whether or not Total Energies might drop out of the project at the risk of being exposed to breach of contract claims by the other Parties to the venture.Total Energies controls EACOP legal shareholding since it has the majority.

However, it may be a small price to pay amid the increasing pressure in France and Europe for green and climate friendly projects. Worldwide, financiers are avoiding investments in fossil fuels projects and looking for what is hailed as green investments.