One of the major targets for environmentalists in the Baikal area has been declared bankrupt following a court hearing on Wednesday.The bankruptcy proceedings at the Baikal Pulp and Paper Mill will be completed by June 5, 2013, according to a ruling by the Irkutsk Region Arbitration Court. The mill's total debt is more than 2 billion rubles ($65 million), Vedomosti reported. Representatives of the World Wildlife Fund and Greenpeace welcomed the court's decision. They described this as an opportunity for the authorities to eventually close the plant, which has been a major source of pollution on the Baikal lake since it was founded in 1966.
Friday, December 21, 2012
Russian Baikal Pulp Mill Goes Bankrupt
http://www.themoscowtimes.com/mobile/article/baikal-pulp-mill-goes-bankrupt/473391.html
One of the major targets for environmentalists in the Baikal area has been declared bankrupt following a court hearing on Wednesday.The bankruptcy proceedings at the Baikal Pulp and Paper Mill will be completed by June 5, 2013, according to a ruling by the Irkutsk Region Arbitration Court. The mill's total debt is more than 2 billion rubles ($65 million), Vedomosti reported. Representatives of the World Wildlife Fund and Greenpeace welcomed the court's decision. They described this as an opportunity for the authorities to eventually close the plant, which has been a major source of pollution on the Baikal lake since it was founded in 1966.
One of the major targets for environmentalists in the Baikal area has been declared bankrupt following a court hearing on Wednesday.The bankruptcy proceedings at the Baikal Pulp and Paper Mill will be completed by June 5, 2013, according to a ruling by the Irkutsk Region Arbitration Court. The mill's total debt is more than 2 billion rubles ($65 million), Vedomosti reported. Representatives of the World Wildlife Fund and Greenpeace welcomed the court's decision. They described this as an opportunity for the authorities to eventually close the plant, which has been a major source of pollution on the Baikal lake since it was founded in 1966.
