By Upstream staff
The European Bank of Reconstruction and Development (EBRD) said today it would not decide whether to extend a key loan to Anglo-Dutch supermajor Shell’s Sakhalin 2 project until it settles a dispute with the Russian government.
Earlier this week Russia suspended the Shell-led Sakhalin Energy Consortium’s environmental permit to proceed with the $20-billion oil and gas project in a move analysts see as part of a Kremlin attempt to gain a stake in the project.
A $7-billion financing package hangs on the EBRD’s decision, which had been expected this month after years of discussions between Sakhalin Energy and the EBRD to ensure the project met the Bank’s environmental rules, Reuters reported.
“Until there is clarity as to the status of the Russian environmental permit there won’t be a decision either way,” EBRD spokesman Anthony Williams said.
EBRD officials are divided on whether the loan should be extended, bank sources said. Some feel the project does not meet the bank’s environmental standards and jeopardises the bank’s reputation. Others feel the bank’s involvement has forced Shell to improve the project, they said.
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: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
