Conservationists claim the Sakhalin project could put grey whales at risk
URL: http://www.edie.net/news/news_story.asp?id=11986
published on 13-September-2006 by Environmental Data Interactive – UK
The European Bank of Reconstruction and Development should not give the controversial Sakhalin oil and gas project its blessing – and its cash – according to conservation charity the WWF.
Conservationists claim the Sakhalin project could put grey whales at risk
The Shell-led project, which will be the largest of its kind, has applied for a loan of around £500 million from the EBRD to help fund the project.
While the cash would be a drop in the ocean when considering the total cost of the project – so far an estimated US$20 billion – the WWF argues it would bring Sakhalin an environmental and social credibility it does not warrant.
A decision on the loan is set to be made next month.
WWF claims the controversial project has already breached a number of the bank’s policies and should therefore be refused the loan.
Sakhalin II has concerned environmentalists since its conception and led to high profile campaigns to highlight the threat it could pose to endangered Pacific grey whales,
The WWF also holds that any belief on the part of potential lenders that they might be able influence the development and reduce its environmental impact at this stage are misguided.
“The project is now over 80 per cent complete, yet Shell is still seeking financing for it,” said a spokesman for the WWF.
“Shell clearly has the money to complete the project without the need for finance. Potential lenders continue to claim they are trying to influence the project.
“Yet they have not been able to resolve many of the problems before construction advanced, and even where issues such as river crossings are well documented, they have not been able to deliver international standards.”
“It is too late for any potential lender to rescue the environmental impacts of this project. If the European Bank for Reconstruction and Development (EBRD) or the UK’s Export Credit Guarantee Department (ECGD) lend money they will be inheriting all the problems of a flawed design and a poor implementation.”
A spokesman for the EBRD told edie the bank has been conducting thorough and intensive environmental assessments and monitoring of the Sakhalin II project.
“Based on the views of our environmental experts, as well as a review of the economic, financial and legal elements of the project, the management of the EBRD will make a decision whether or not to recommend that the board of directors approve financing for the project,” he said.
“The exact timing of such a recommendation, and the amount of financing that would be attached to it have not been disclosed, but it is expected that a decision could be made in the coming weeks.”
Sam Bond
© Faversham House Group Ltd 2006.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
