Earthlife Africa Johannesburg and 300 environmental activists and communities descended on Standard Bank's AGM on Monday in protest of the bank's involvement in the financing of TotalEnergies' East African Crude Oil Pipeline (EACOP) in Uganda & Tanzania. The demonstrators join other organisations outside Standard Bank’s Head Office in Rosebank JHB, sending a clear … [Read more...]
Long-term survival of citrus industry under severe threat
There are reports that farmers in the Eastern Cape, between Uitenhage and Addo, are dumping class C and juicing fruit. Deon Joubert, Special Envoy EU - Market Access, of the Citrus Growers Association of Southern Africa explains the issue of excess citrus fruit in our country: Is the CGA aware of citrus being dumped because of excess fruit currently available? The CGA … [Read more...]
Most of SA’s banks steering clear of new oil pipeline
On Tuesday 1st February, after years of delay, France’s Total and China’s CNOOC Ltd signed the Final Investment Decision (FID) to proceed with the East African Crude Oil Pipeline (EACOP) project. While heralded by the project proponents as a major breakthrough, the project is yet to secure all of the required financing. Now, four out of five of South Africa’s largest lenders … [Read more...]
Standard Bank tables first SA shareholder resolution on climate risk
Standard Bank’s Notice of Annual General Meeting, released on 17 April 2019, includes a resolution proposed by shareholders that would require the bank to prepare a report on its exposure to climate risk in its lending, financing and investment activities. This is the first time that a South African company has tabled a shareholder resolution on any climate-related issue. … [Read more...]
