Sakhalin II: Six banks face serious decision

now that the Russian government has revoked the environmental permits

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Banks

Dodgy deals

London, United Kingdom, Sep 15 2006 | Pacific Environment

While the Russian government has deemed Shell’s controversial Sakhalin II project non-compliant with environmental plans and revoked environmental approval, six private banks continue to bid to arrange financing.

BankTrack has written to the Royal Bank of Scotland, ABN AMRO, BNP Paribas, Mizuho, SMBC and BoT-Mitsubishi, to call on them not to finance Sakhalin II due to the impacts on whale and marine biodiversity, geologic hazards, gender impacts, dumping in Aniva Bay, erosion, violations in in river crossings, failures in the environmental impact assessments and breaches of Russian environmental legislation.

Read the letter sent to RBS here.

contact

Mika Minio Paluello: mika@platformlondon.org

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Sakhalin II oil and gas project

Russian Federation

The Sakhalin II project in the Russian Far East is said by project sponsors to be the largest integrated oil and gas project in the world. The project involves three…

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