As a practitioner involved in bankable ESIAs, and supporting developers and financial advisors/institutions for projects ranging from wind farms to mining, I follow the developments around the IFC Performance Standards and the Equator Principles closely. This is why Olaf Weber’s publication “Equator Principles Reporting: Do Financial Institutions meet their Goals?” caught my eye. -- Link: http://wp.me/p27qSt-FG
Recently, I had a chance to join my colleague Petrus Gildenhuys as part of an AA1000 assurance assignment and visit Portugal. It was a beautiful drive to site: the undulating landscape was interrupted by idyllic villages, and we lost count of the number of storks we noticed along the way. The World Cup was dominating small talk, although it was starting to compete with news about the troubled Portuguese bank Banco Espirito Santo. http://wp.me/p27qSt-EQ
On July 23, 2014, Gold Reserve Inc. announced that the arbitral tribunal in the International Centre for Settlement of Investment Disputes (ICSID) case has declared the proceedings closed. Gold Reserve claims damages of approximately $2.1 billion, including interest.
In the early 1990s, on a trip to Moscow for the European Bank, I was given a personal tour of the Kremlin’s gold chamber where the most precious gold crowns, scepters and church utensils were manufactured for the Czar’s courts. “Unbelievable” I exclaimed to my guide, “I had no idea you had created such treasures.” “Really?” he replied, “Why are you surprised? Russia is not Burkina Faso!” http://wp.me/p27qSt-Ec Read the rest of this entry »
Prizma has been engaged by Unión Eolica Panameña II (UEPII), a Special Purpose Company controlled by InterEnergy Holdings, to support a 215 MW wind project in Penonomé, Panama with a total projected investment of US$ 427 million. Shortlink: http://wp.me/p27qSt-DN Read the rest of this entry »