Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-04-26-Speech-3-142"
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"en.20060426.14.3-142"2
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"Mr President, I would like to bring to public attention another example of the European Union’s hypocrisy when it comes to addressing environmental matters.
It is reported in today’s
that the publicly funded European Bank for Reconstruction and Development is poised to support the highly controversial Sakhalin II project. This proposal to extract oil from the continental shelf off the Russian island of Sakhalin threatens not only the economy and way of life of the island’s inhabitants, but also poses a potential environmental disaster of alarming proportions.
Local fishermen and international environmental groups are pleading with the EBRD not to grant a loan of approximately EUR 300 million to finance the project. Now we see the EU in its true colours, which are by no means green.
Both the European Community and the European Investment Bank are shareholders in a bank that proposes to finance a project which will have exactly the opposite effect to protecting the environment. This is hypocrisy in its saddest form."@en1
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"Moscow News"1
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