The Environmental Manager at Royal Bank of Canada (RBC) has finally received the detailed environmental and social risk assessment of the Qatargas II LNG project. RBC was a potential participant in a syndicated loan for project financing venture in Qatar. The project would be to extract and process are liquid natural gas and transport it to the UK market. RBC was one of the first banks to an environmental and social risk assessment on the Equator Principles that based su … Read more »

The Environmental Manager at Royal Bank of Canada (RBC) has finally received the detailed environmental and social risk assessment of the Qatargas II LNG project. RBC was a potential participant in a syndicated loan for project financing venture in Qatar. The project would be to extract and process are liquid natural gas and transport it to the UK market. RBC was one of the first banks to use an environmental and social risk assessment on the Equator Principles, which supports the principles of sustainable development. However, environmental non-governmental organizations (NGOs), further complicating any financing decision, they were only too quick to point out flaws publicly. Moreover, it was not clear whether problems in monitoring and enforcing loan covenants can not occur. Were two basic questions: First, the Qatargas II project has useful RBC as to the economic, environmental and social performance (ie, the triple-slash) tries to compensate, and secondly, the Equator Principles have a competitive advantage?
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from
Robert classes
Matias Gancberg
Source: Ivey Publishing
19 pages.
Publication Date: Sep 29, in 2006. Prod #: 906M55-PDF-ENG
RBC Financial Group – The Equator Principles in Qatargas II LNG project HBR case solution

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