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Equivariant principal bundles and logarithmic connections on toric varieties

Let $M$ be a smooth complex projective toric variety equipped with an action of a torus $T$, such that the complement $D$ of the open $T$--orbit in $M$ is a simple normal crossing divisor. Let $G$ be a complex reductive affine algebraic group. We prove that an algebraic principal $G$--bundle $E_G\to M$ admits a $T$--equivariant structure if and only if $E_G$ admits a logarithmic connection singular over $D$. If $E_H\to M$ is a $T$-equivariant algebraic principal $H$--bundle, where $H$ is any complex affine algebraic group, then $E_H$ in fact has a canonical integrable logarithmic connection singular over $D$.