Uganda, Feb. 5 -- Several insurance companies have opted out of insuring the East African Crude Oil Pipeline (Eacop), adding to the project's unending woes that have delayed construction for four years.

A total of 28 insurers have so far declared they will not insure Eacop following pressure from climate activists, who argue that the project poses significant pollution and human rights risks. However, AIG, Tokio Marine, Chaucer and Hiscox are still willing to insure the project.

Last week, SiriusPoint, Riverstone International, Enstar Group, and specialty insurers Blenheim and SA Meacock all ruled out insuring the transboundary project.

Riverstone International said in a statement that it "does not underwrite the Eacop project directly...