QRC: Bank’s Reef Concerns Based on UNESCO Misunderstanding (Australia)

Activists kicked an own goal today on their European vacation by lobbying a German bank that is not funding Queensland’s Abbot Point port expansion and claiming it as a victory for environmentalists, said Queensland Resources Council.

After intense lobbying from anti-coal activists, Deutsche Bank, announced that until a consensus was reached between the Australian Government and UNESCO, it would not consider such applications.

The bank’s precondition for considering funding of such a project is expected to be satisfied following next month’s annual meeting of UNESCO’s World Heritage Committee.

Queensland Resources Council Chief Executive Michael Roche said that, based on its statement, it does not appear that Deutsche Bank has had any involvement with the planned port expansion.

“Nevertheless, their requirement of an assurance from both the Australian Government and UNESCO about protecting the Outstanding Universal Value (OUV) of the Great Barrier Reef can be readily met,” Mr Roche said.

It is simply unfortunate that advisers to the World Heritage Committee have overlooked or misunderstood that their requested comprehensive assessments of dredging options have already been done and have established that there will not be an impact on the Reef’s OUV.

“In the lead-up to the committee’s meeting in June, the Australian and Queensland Government will ensure that all interested parties are fully briefed on this assessment work.

“While the Committee’s draft decision clearly recognises the excellent work by State and Federal Government to protect and preserve the iconic Reef – it would appear that the WHC’s advisers had not fully appreciated the extent of the peer reviewed science which has examined cumulative impacts of planned port development at Abbot Point.”

Press Release, May 23, 2014

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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