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Baikal Lake, Featured »

[16 Mar 2018 | Topics: ]

A Baikal seal on Lake Baikal. By Per Harald Olsen – Own work, CC BY-SA 3.0.
London-listed En+ Group published its 2017 financial results  with revenues exceeding USD 12 billion and “environmental  provision”  of mere USD 3 million.  On the same day  James Cusick  questioned. In openDemocracy UK the behavior of  the Lord Barker of Battles – new chairman of Russian En+Group, that claims it operates “green” hydropower, while destroying Russian rivers and lakes. We really appreciate that in times when other press is preoccupied with political struggle and poisoning …

Baikal Lake, Featured, Selenga River, Solidarity »

External threats and their perceptions tend to reflect differences between a society’s various segments and groups—which, in turn, stem from problems on local, regional or global levels. Certain problems can provoke public discontent and often require legislative regulation by the state. However, even in countries with well-developed civil society institutions, the state’s response can be controversial, providing little more than an illusory solution, while the actual problem remains hidden from sight, only to end up in explosive social conflict sooner or later. What …

Baikal Lake, Selenga River »

[1 Mar 2018 | Topics: ]

The REGNUM Information Agency published results of  a public opinion poll undertaken by “Lake Baikal” Foundation and NAFI Analytical agency among local residents of Irkutsk Region and Buryatia Republic.
61% believe that environmental condition of the Lake has seriously worsened  during last 5 years., while only 2% believe it  has improved. Perception of the main factor causing degradation has the following split:
Pollution by wastewater: 75%
Forest fires: 69%
Lowering of the Lake Baikal water level: 63%
Development of the coastline: 62%
Illegal  fishing: 58%
Algal blooms of invasive species: 62%
Tourist boom: 44%
Impact from the Irkutsk …

Angara River, Baikal Lake, Greening Silk Road, Yenisey Basin, Yenisey River »

The IPO Prospectus that was made public over the weekend by the En+Group (ENPL) and contains numerous inconsistencies and omissions. In the relevant "Risks" and the "Health, Security and Environment" sections, the Prospectus does not disclose specific environmental and social risks related to exploitation of large hydropower- the spine bone of the Group’s business. However in less prominent parts the document finally contains recognition that the En+ causes negative impacts to the Lake Baikal, which is a World Heritage Site.

Map of Principle assets of the En+ (Source-Prospectus)
Earlier this …

Angara River, Baikal Lake, Featured, Selenga River, Yenisey Basin, Yenisey River »

[5 Nov 2017 | Topics: ]

To: Donald Brydon, CBE,
Chairman of the London Stock Exchange Group
cc: CEO, Chief Risk Officer, key management officials.
Re: En+Group IPO
Dear Mr. Brydon:
We recently learned that the En+Group is preparing for IPO at London Stock Exchange. We recognize that, in principle, public listing could help the company to become more transparent and socially responsible. We are writing to raise concerns regarding the En+ Group’s ability to meet standard information disclosure requirements as this is an area this company is failing to strengthen.
We believe that a stock market listing could …