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Sakhalin II: Six banks face serious decision

now that the Russian government has revoked the environmental permits
Dodgy deals
By Pacific Environment | London, United Kingdom, Sep 15 2006
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.

Mika Minio Paluello:

Pacific Environment Website

ABN AMRO Bank N.V. is a Dutch state-owned bank with headquarters in Amsterdam. It was re-established, in its current form, in 2009 following the acquisition and break up…
Bank of Tokyo-Mitsubishi UFG
Bank of Tokyo - Mitsubishi UFJ is the largest bank in Japan. It was established on January 1, 2006, with the merger of the Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Ltd.…
BNP Paribas
BNP Paribas is one of the main banks in Europe. It was created on 23 May 2000 through the merger of Banque Nationale de Paris (BNP) and Paribas.…
Mizuho Financial Group
Mizuho Financial Group is one of three Japanese "megabanks" (along with Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group). The name "Mizuho" is an…
RBS was founded in 1727 and is one of the major UK banks. RBS has 40 million customers using the financial services of over 30 brands, including NatWest, Direct Line, Churchill,…
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