Norilsk nickel has confirmed that it bought cleaning

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 68 Aftenposten, May 27, 2008, p. 2. 53 © Ifri F. Harbo / The European Gas and Oil Market GMK, a regional subsidiary of Norilsk Nickel, had so much CO2 emissions as it does this year. The nickel plant is located just a few kilometres from the border with Norway and poses a major environmental threat to the Russian-Norwegian borderlands. Norwegian authorities are pressuring the company to cut local sulphur pollution. In 1991, Norway allocated NOK 300 million to the plant for the installation of cleaning technology. Since then, however, little has happened. According to an agreement between the parties, Norway will be entitled to withdraw the money in 2008, should Norilsk Nickel fail to take environmental measures. About NOK 180 million is still not being used. The money is managed by the Nordic Investment Bank in Helsinki. The Ministry of Environment warned in the fall of 2007 that the Norilsk Nickel money would be revoked after the first three months of 2008. Norilsk Nickel has confirmed that it bought cleaning technology for its plant in the border town of Nickel. Norilsk Nickel now appears to be in a hurry to implement the cleaning measures. It remains to be seen however, whether the comp...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online