The logo of Deutsche Bank is pictured on a company's office in London.
FRANKFURT Reuters - Deutsche Bank is not financing a controversial pipeline in Africa that environmentalists have said will disrupt thousands of families and disrupt nature reserves, a person with knowledge of the matter said on Sunday.
Germany's largest lender is under pressure to make clear its commitment on financing of the planned $3.5 billion East African Crude Oil Pipeline EACOP, which would stretch more than 1,400 kilometres from Uganda to Tanzania.
The person, speaking on condition of anonymity, said that Deutsche Bank has never been involved in the financing of the pipeline.
Deutsche Bank does not comment on clients, but it supports the transition to a low-carbon economy and its policies prohibit it from financing projects that clear primary forests, areas of high conservation value and peatlands.