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(Bloomberg) — Standard Coffer Accumulation Ltd., Africa’s better coffer by assets, faces action from ecology activists to its plan to armamentarium an oil activity in East Africa.

350.org, an all-embracing accumulation of altitude activists that opposes the use of deposit fuels, will on Thursday duke over a address active by added than 20,000 bodies to the bank’s address in Johannesburg, according to a statement.

The East African Crude Oil Activity is “set to bisect Uganda and Tanzania, causing potentially irreversible accident to farmlands and wetlands,” 350.org said in the statement. Thirty actor bodies in six nations will be affected, it said.

Uganda apparent commercially applicable oil deposits in 2006 and affairs to alpha assembly in 2023-24. Total SA and Cnooc Ltd. of China own fields in the country.

“Standard Coffer is committed to accomplishing business the appropriate way,” the coffer said in a acknowledgment to questions. “We abutment amenable advance through assessing and managing our environmental, amusing and babyminding risks.”

©2020 Bloomberg L.P.

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