Complaint filed against RBS
From the Archive
An article entitled 'Complaint seeks resettlement and just compensation from Dutch Oil company and three UK banks for damage caused by Sakhalin II oil and gas project' was released on the website of campaign group Bank Track on 31st July 2012.
According to the campaign group a complaint had been filed against the Dutch oil company, plus three UK banks (including RBS) for their failure to adhere to the Organisation for Economic Cooperation and Development's (OECD) guidelines for Multinational Enterprises.
The complaint had been filed by the residents living adjacent to a highly polluting liquefied natural gas (LNG) plant and oil and gas export terminals on Sakhalin Island, Russia. The LNG plant and the export terminals, called the Prigorodnoya Production Complex, are part of Sakhalin II, was one of the world's largest integrated oil and gas projects, operated by the Russian Sakhalin Energy Investment Company (SEIC).
The Chairman of Council of Sakhalin Environment Watch, Dmitry Lisitsyns, stated that 'the construction and operation of the Prigorodnoye Production Complex had severely harmed the adjacent community, endangering their health, jeopardising their food security, and polluting and destroying local environmental resources. Community members living only 1.2 kilometres away had not been resettled or justly compensated, in violation of Russian Law and international standards including the OECD guidelines'.
Doug Norlen, policy director at Pacific Environment explained that 'RBS and the three other companies shared the responsibility for the environmental and community damage caused by the Prigorodnoye Production Complex. RBS and the other plantiffs were only the tip of the iceberg in terms of multinational corporations involved in the Sakhalin II project, but they were among the most influential'.
Sarah Singh an attorney at US-based Accountability Counsel, which was assisting in filing the complaint stated 'RBS and other companies had failed to use their influence over the Project operator to correct the environmental and human rights abuses associated with this project.'
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