BREAKING NEWS

Friends of the Earth organization opposes Dead Sea deal

By JPOST.COM STAFF

DECEMBER 28, 2011 14:58

Friends of the Earth - Middle East opposes an agreement reached between the Israel Corporation and the Ministry of Finance concerning the rehabilitation of the Dead Sea, the group said in a press release on Wednesday. According to Gideon Bromberg, the organization's director general, "The agreement between the Treasury and tycoons will not save the Dead Sea."

Under the proposal, Israel Corp. subsidiary Israel Chemicals will pay 90% of the cost of salt harvesting and the government will pay 10%, and royalties on potash sales will double to 10% exceeding NIS 3 billion a year.

The group demanded the government to reject the deal, establish a second Sheshinski Committee and support KM Dov Hanin's bill proposal for the protection and restoration of the Dead Sea.

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