The East African Crude Oil Pipeline is a proposed crude oil pipeline that would run from Kabaale, Uganda to the northeastern coast of Tanzania. The project includes plans to drill 130 oil wells in Murchison Falls National Park and to develop oil fields on the shores of Lake Albert. It would also displace about 118,000 people across Uganda and Tanzania, endanger the region’s unique ecosystems, and threaten wetlands, wildlife, and fresh water sources that support millions of Africans. If we hope to limit global warming to 1.5 degrees Celsius, we can’t develop any new oil and gas fields — in Africa, or anywhere.
In order to stop the climate crisis, we need to stop the financing of fossil fuels.
Many of North America’s largest pension funds invest in TotalEnergies, the French oil company with a 62% stake in EACOP, China National Offshore Oil Company (CNOOC), and their subsidiaries. These funds include:
- California Public Employees’ Retirement System (CalPERS)
- New York State Teachers’ Retirement System (NYSTRS)
- California State Teachers’ Retirement System (CalSTRS)
- New Jersey Pension Fund (NJ)
- Minnesota State Board of Investment (MSBI)
- Massachusetts Pension Reserves Investment Trust (PRIT)
- Washington State Investment Board (WSIB)
- Colorado Public Employees’ Retirement Association (CoPERA)
- Alaska Permanent Fund Corporation (APFC)
- Alaska Retirement Management Board (ARMB)
- State of Wisconsin Investment Board (SWIB)
- San Mateo County Employees’ Retirement Association (SamCERA)
- Chicago Teachers' Pension Fund (CTPF)
- Kaiser Permanente
- Oregon Public Employees Retirement Fund (OPERF)
It’s time to force pension funds to divest from EACOP, and stop funding corporate colonialism.
Will you send an email to your pension fund demanding that they divest?
