PKA, a provider of labour market pensions for the social and healthcare sector, blacklists two more companies involved in the controversial East African Crude Oil Pipeline (EACOP). <\/p>\n\n
For years, EACOP has been accused of massive displacement<\/a>, human rights abuses<\/a> and destruction of nature and biodiversity<\/a>. <\/p>\n\n In December 2023, PKA sold its shares in TotalEnergies with direct reference to the oil pipeline, for which the French energy company is responsible. <\/p>\n\n “Sometimes we have to draw a line in the sand. We had been in dialogue for a number of years but they had never been responsive to the criticism we had made,” Dewi Dylander, then Head of ESG at PKA, told B\u00f8rsen in December 2023. <\/p>\n\n But as Danwatch reported in June, PKA’s divestment of TotalEnergies did not mean a complete exit from EACOP. The pension fund retained an investment<\/a> in the South African Standard Bank, which is one of the main sources of funding<\/a> for the oil pipeline. <\/p>\n\n