Sakhalin Whales Panel Faults Gas Venture
By: iStockAnalyst Friday, June 13, 2008 7:15 PM
LONDON -(Dow Jones
)- A scientific panel report released Friday revealed ongoing concerns that the Sakhalin-II oil and gas joint venture hasn’t complied with all of recommendations on the protection of the endangered Western Gray Whale.
The news could complicate financing for the joint venture managing the Russian Far East project, Sakhalin Energy Investment Co., or SEIC, which is controlled by OAO Gazprom (GAZP.RS) with Royal Dutch Shell PLC (NYSE:RDSB) (RDSB.LN) as the second largest shareholder. Sakhalin Energy is close to finalize loans of over $5 billion led by the Japan Bank for International Cooperation.
The Western Gray Whale Advisory Panel was commissioned in 2004 by Shell to provide advise on measures to protect the rare whale specie.
But in its latest report published on its Web site, the panel expressed concerns that SEIC doesn’t intend to adhere to its recommendation for slower speeds for vessels that could potentially strike whales. It also says the joint venture continues to delay the deployment of noise-monitoring equipment and criticizes its adequacy.
The report also says that some of the oil-spill response plans haven’t even been approved by the Russian government.
These criticisms are “important because the banks have said that compliance with all of the (panel’s) reasonable recommendations is a condition of financing, and SEIC committed to doing so in its Health, Safety, Environment & Social Action Plan,” Doug Norden, a policy director environmental group Pacific Environment, pointed out.
-By Benoit Faucon, Dow Jones Newswires; +44 207 842 9266; benoit.faucon@ dowjones.com
(END) Dow Jones Newswires 06-13-08 1915 Copyright (c) 2008 Dow Jones & Company, Inc.
(Source: iStockAnalyst )
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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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