The dispute was heard by the General Court before going to the ECJ, where it was held that Bank Mellat was not a state - owned bank — the Council had not been able to accurately verify the extent to which the state had any shareholding in the bank, nor was it the case that the bank was
supporting nuclear proliferation.
Here the letter conflates the issue of opposition to the current crop of
nuclear power plants — which are simply uncompetitive quite separate from the very legitimate issues of safety, waste disposal,
proliferation, and water consumption — with a supposed lack of
support for next generation
nuclear power plants (that will be magically cheaper, despite all trend data to the contrary).
The National Iranian Tanker Company is the main carrier for the Iranian Revolutionary Guard Corps - designated National Iranian Oil Company and a key element in the petroleum supply chain responsible for generating energy revenues that
support the illicit
nuclear proliferation activities of the Government of Iran.