Consultants Warn Banks of Sakhalin II Environment Risks

(Dow Jones Newswires, 10 Feb. 2006 ) - Several new warnings have come out about Shell's Sakhalin II project's threat to the environment.  Among the new information revealed is that a shipping vessel (from the same company that gave Sakhalin the Cristoforo Colombo oil spill accident) had a collision with a Shell oil platform in 2005, highlighting Shell's inadequate shipping safety practices.  The Sakhalin II project is seeking up to USD $5B from the EBRD, and from the ECAs of the US, UK, and Japan.