Thursday Aug 02, 201204:49 PM GMT
UK banks urged to pay compensation for environmental damage
Three UK banks and Royal Dutch Shell have been urged to pay compensation for environmental damages of Sakhalin II Oil and Gas project.
Three UK banks and Royal Dutch Shell have been urged to pay compensation for environmental damages of Sakhalin II Oil and Gas project.
Thu Aug 2, 2012 4:48PM
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Environmental groups have called on Royal Dutch Shell and three UK banks including Royal Bank of Scotland (RBS), Barclays and Standard Chartered to compensate residents of the Russian Sakhalin Island for pollution caused by a large oil and gas project.


On Tuesday July 31, Russia-based Sakhalin Environment Watch along with US-based Accountability Counsel and Pacific Environment filed with the UK and Dutch National Contact Points’ (NCPs), accusing them of breaching the Organization for Economic Cooperation and Development’s (OECD) Guidelines for Multinational Enterprises.

The oil giant Shell and the British banks are alleged to have been “complicit” in the environmental problems caused by the liquefied natural gas (LNG) plant and the export terminals, called the Prigorodnoye Production Complex, which are part of Sakhalin II Oil and Gas project, operated by the Russian Sakhalin Energy Investment Company (SEIC).

“Shell, RBS, Standard Chartered and Barclays share responsibility for the environmental and community damage caused by the Prigorodnoye Production Complex,” said Doug Norlen, policy director at the NGO Pacific Environment. “The complainants hope the process will achieve fair and just resettlement and compensation.”

“Communities demand the UK and Dutch NCPs’ involvement after years of unsuccessful engagement with SEIC and its financial supporters,” said Sarah Singh, an attorney at the NGO Accountability Counsel.

Earlier in May, the Amnesty International and the Corporate Responsibility (CORE) Coalition, a group of human rights, development and environmental NGOs, criticized the British government for its intervention on behalf of Royal Dutch Shell in a US court case on human rights abuses, brought against the oil giant by Nigerian villagers.

SSM/SS/HE
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