Action Alert! Oil Spill in Russian Far East
Date: September 13, 2004
On September 8 a ship ran aground on the shores of Sakhalin Island, in the
Russian far east. The ship was operating dredging equipment for an offshore oil
project, and spilled thousands of gallons of oil into the water, polluting
the beaches of the coastal community of Kholmsk. Experts have warned that a
similar or worse accident could occur in other pristine Sakhalin waters that are
home to the world\'s last population of 100 Western Gray Whales.
Credit Suisse First Boston is serving as financial advisor to this Shell Oil
project even though it violates the terms of the Equator Principles, which it
signed many months ago.
\"Shell has refused to adopt necessary oil spill prevention measures that
would keep spills like this from happening,\" said David Gordon,
Executive Director of Pacific Environment, a California-based environmental
organization that is monitoring Sakhalin offshore oil development. \"Now that
the oil is in the water, it\'s too late to clean it up.
The damage has been done. It is a tragedy for Sakhalin Island and especially
for the people of Kholmsk.\"
Take action today to tell Credit Suisse First Boston to withdraw funding for
this egregious project and to adopt comprehensive environmental standards
immediately to prevent this kind of tragedy from happening again.
More Information about Sakhalin Island can be found at:
1. Raise your mouse: click the link below to send a fax to John Mack, CEO of
Credit Suisse First Boston:
2. Raise your voice: Call Mr. Mack today at (212) 325-3630. Some suggested
talking points are listed below.
3. Raise awareness: Forward this message to your friends. Ask them to call or
send a letter online at:
-Demand that Credit Suisse First Boston withdraw financial support
immediately from the Sakhalin II project, which clearly violates the terms of the
Equator Principles, to which it is a signatory.
-Demand that Credit Suisse First Boston adopt comprehensive social and
environmental standards for investment that meet or exceed industry best practices
set by Citigroup and Bank of America earlier this year.
Thanks for your support!
For the Earth and for Justice,
Dan and Ilyse
The RAN Global Finance Team
Sept 13, 2004
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