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Responsible Business


MARSH MCLENNAN FACES OECD COMPLAINT OVER EACOP INSURANCE ROLE

By David Whitehouse
Posted on Thursday, 9 February 2023 06:00

On July 1, 2022 activists with the Insure Our Future Coalition rallied outside
the headquarters of Marsh McLennan in New York, urging CEO Dan Glaser and other
top executives to cut ties with the East African Crude Oil Pipeline (EACOP).
(Photo by Erik McGregor/Sipa USA)

US insurance broker Marsh McLennan faces a formal complaint claiming that it is
breaching OECD guidelines for responsible business conduct through involvement
in the East African Crude Oil Pipeline (EACOP).

The complaint has been filed by US-based Inclusive Development International
(IDI) and 10 human rights and environmental organisations in Uganda and
Tanzania. The groups are staying anonymous due to fear of reprisals.



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MORE BUSINESS

Groundhog Day


NEW IMF PROGRAMME FOR GHANA WON’T HELP ANY MORE THAN THE LAST SEVENTEEN  

Ghana has had 17 IMF programmes since 1966. There’s no reason to think that the
next one will put the economy on a sustainable path. ...

Environmental destruction 


SOUTH AFRICA: ENGIE AND EDF NAILED FOR ECOCIDE

Environmentalists are denouncing half a dozen proposed wind farms as a direct
threat to the Eastern Cape's natural parks. ...

Coal Dogma


SOUTH AFRICA: NEW ELECTRICITY MINISTER’S HANDS ARE TIED IN TRYING TO FIX ESKOM

South Africa’s new electricity minister will seek to fix the country’s power
crisis with at least one hand tied behind their back, experts ... say.

borrowing costs


KENYA: INCREASING RELIANCE ON DOMESTIC DEBT MAY NOT BE ENOUGH

President William Ruto’s administration will be looking more into the domestic
capital market to cover Kenya’s KSh695bn ($5.532bn) budget ... gap in the
2022/23 financial year, a step that will alleviate financial pressures, but
won’t negate the need for international market borrowing.



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