Munich Re will not insure the East African Crude Oil Pipeline (EACOP), throwing up another challenge for the TotalEnergies-driven project in Uganda and Tanzania.

The insurance giant said it had set out decarbonisation targets in 2020 for its liabilities, investments and operations. It is also a member of the United Nations’ Net Zero Asset Owner Alliance and a founder of the Net Zero Insurance Alliance.

For more information, please see https://www.energyvoice.com/oilandgas/africa/pipelines-africa/401183/munich-re-insurance-eacop/