東アフリカ原油パイプライン(EACOP)事業による三井住友銀行への重大なリスクについて
Summary
The document argues that SMBC's involvement in the EACOP project contradicts its own environmental and human rights commitments, exposing the bank and its directors to litigation, reputational damage, and stranded asset risks. It details specific human rights abuses and environmental threats associated with the pipeline and demands a full withdrawal from the project.
Key insights
- The EACOP project, a 1,443km pipeline from Hoima District in Uganda to Tanga Port in Tanzania, presents severe ESG risks, including the physical and economic displacement of people without adequate compensation, the harassment and arrest of environmental and human rights defenders, and irreversible damage to biodiversity, including Ramsar-designated wetlands and the Lake Victoria basin.
- SMBC faces substantial financial and legal risks, including the potential for the pipeline to become a stranded asset in line with IEA and IPCC scenarios for limiting warming to 1.5°C. The bank also faces potential litigation in multiple jurisdictions and accusations of 'greenwashing' for supporting a project that contradicts its public commitments to protect Ramsar wetlands and achieve net-zero GHG emissions.
- The document asserts that SMBC's directors may be in breach of their fiduciary duties, including the duty of loyalty and the duty of care, if they fail to properly manage climate-related risks and ensure accurate information disclosure regarding the project.
Cite the original document
- APA
- Center for International Environmental Law (2022). 東アフリカ原油パイプライン(EACOP)事業による三井住友銀行への重大なリスクについて. https://www.ciel.org/wp-content/uploads/2022/06/EACOP%E3%81%AB%E9%96%A2%E3%81%99%E3%82%8B%E4%B8%89%E4%BA%95%E4%BD%8F%E5%8F%8B%E9%8A%80%E8%A1%8C%E5%8F%96%E7%B7%A0%E5%BD%B9%E4%BC%9A%E3%81%B8%E3%81%AE%E3%83%AC%E3%82%BF%E3%83%BC2022.6.24rev.pdf
- Chicago
- Center for International Environmental Law. 東アフリカ原油パイプライン(EACOP)事業による三井住友銀行への重大なリスクについて. 2022. https://www.ciel.org/wp-content/uploads/2022/06/EACOP%E3%81%AB%E9%96%A2%E3%81%99%E3%82%8B%E4%B8%89%E4%BA%95%E4%BD%8F%E5%8F%8B%E9%8A%80%E8%A1%8C%E5%8F%96%E7%B7%A0%E5%BD%B9%E4%BC%9A%E3%81%B8%E3%81%AE%E3%83%AC%E3%82%BF%E3%83%BC2022.6.24rev.pdf.
- Wikipedia
- {{cite press release |author=Center for International Environmental Law |title=東アフリカ原油パイプライン(EACOP)事業による三井住友銀行への重大なリスクについて |date=24 June 2022 |url=https://www.ciel.org/wp-content/uploads/2022/06/EACOP%E3%81%AB%E9%96%A2%E3%81%99%E3%82%8B%E4%B8%89%E4%BA%95%E4%BD%8F%E5%8F%8B%E9%8A%80%E8%A1%8C%E5%8F%96%E7%B7%A0%E5%BD%B9%E4%BC%9A%E3%81%B8%E3%81%AE%E3%83%AC%E3%82%BF%E3%83%BC2022.6.24rev.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{centerforinternationalenvironmentallaw2022eacop, author = {{Center for International Environmental Law}}, title = {{東アフリカ原油パイプライン(EACOP)事業による三井住友銀行への重大なリスクについて}}, publisher = {Center for International Environmental Law}, year = {2022}, month = jun, url = {https://www.ciel.org/wp-content/uploads/2022/06/EACOP%E3%81%AB%E9%96%A2%E3%81%99%E3%82%8B%E4%B8%89%E4%BA%95%E4%BD%8F%E5%8F%8B%E9%8A%80%E8%A1%8C%E5%8F%96%E7%B7%A0%E5%BD%B9%E4%BC%9A%E3%81%B8%E3%81%AE%E3%83%AC%E3%82%BF%E3%83%BC2022.6.24rev.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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