The Observer (UK): EBRD freezes Shell Sakhalin loan
Nick Mathiason
Sunday June 19, 2005
The European Bank for Reconstruction and Development is refusing to fund Shell’s vital $12 billion Sakhalin-2 oil and gas project off the east coast of Russia until problems with the environmental impact of the pipeline’s construction are resolved.
The news is a serious blow to Shell, which needs to finalise funding quickly so it can begin the building of liquefied natural gas platforms and terminals. Sakhalin-2 will generate $45bn worth of energy and is vital for the future of the embattled firm.
In March, The Observer published pictures that appeared to show sub-contractors installing the world’s most expensive pipeline were causing waste from the project to slide into freshwater salmon spawning grounds, putting the island’s fishing industry at risk. Shell was earlier forced to change the route of a pipeline to ensure the survival of a rare breed of whales.
Privately the EBRD, which has visited Sakhalin, is shocked at how construction appears to be getting out of control. Its president, Jean Lemierre, is due to meet with Shell chief executive Jeroen van der Veer in two weeks’ time. A spokesman for the EBRD, said: ‘The project is not at this stage … in material compliance with our policy and the company’s commitments.’
The EBRD said that problems could be resolved but if not, other banks may follow its lead and refuse to issue loans for the project.
http://observer.guardian.co.uk/business/story/0,,1509544,00.html
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
