Word: sakhaliner
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Just last month another Equator Principles member, Credit Suisse First Boston, found itself the target of new global protests for its decision to underwrite Shell's controversial Sakhalin II pipeline in the northern Pacific, a project that environmentalists say threatens the endangered western gray whale. Without adequate transparency and monitoring of sensitive projects, NGOs fear, the Equator Principles will become meaningless. "What good is a series of principles like this if you can't verify that they are being applied on a project-by-project basis?" asks Oil Change's Kretzmann. "Equator banks are saying to people, 'Trust...
...Just last month, another Equator Principles member, Credit Suisse First Boston, found itself the target of new global protests for its decision to underwrite Shell's controversial Sakhalin II pipeline in the northern Pacific, a project environmentalists say threatens the endangered Western gray whale. Without adequate transparency and monitoring of sensitive projects, ngos fear the Equator Principles will become meaningless. "What good is a series of principles like this is if you can't verify that they are being applied on a project-by-project basis?" asks Oil Change's Kretzmann. "Equator banks are saying to people 'Trust...
Japanese officials will never know just how close Japan Air Lines Flight 441 came to disaster on Oct. 31, when Soviet fighters scrambled as it strayed near restricted airspace over Sakhalin Island. Last week airline officials revealed that the JAL 747, carrying 132 people, took off at 12:14 p.m. from Narita Airport outside Tokyo and headed for Paris by way of Moscow. Shortly before 1 p.m., Captain Morihiko Nishioka, 39, spotted dense clouds ahead. Anticipating turbulence, he switched off the automatic inertial navigational system to guide the jet manually around the mass. Nishioka claims that he then forgot...
...next 55 minutes, the plane was pushed 69 miles off course by 200-knot winds and dangerously close to the Soviet defense zone at Sakhalin. When crew members realized the error, they radioed Soviet controllers, who granted permission for the plane to change course. Only later did Nishioka learn that Soviet jets had been put on airborne alert and had trailed his craft. While the incident ended happily enough, it was a chilling reminder of Korean Air Lines Flight 007, which in September 1983 also strayed near Sakhalin. The Soviets fired on the jet, killing all 269 people on board...
...ARRESTED. KIM JONG HON, 43, South Korean businessman; following the seizure of freight containers holding 13 highly radioactive devices; on Sakhalin Island, Russia. Kim, president of South Korea's All Nations Co., was detained by Russian police for allegedly attempting to import undeclared items. The devices, according to Russian authorities, contained uranium 238, a metal used in the process of armor plating and the production of ammunition, although some experts say it could possibly be used to make dirty bombs. South Korean officials say the devices were to be used at a construction site...