The SB project will ravage the reef.
Ethics aside -
Destroy the Reef and you destroy major tourism $$$$$
The Internanal distain, and bad P.R. will also take a major toll on tourism $$$$$.
Earth Echo (Philippe Cousteau's Organization) champions reef protection.
I heard Philippe speak, he is passionate about this.
It wouldn't hurt to drop them an email.
(I would do so, but don't know enough to write intelligently about the subject):
Here's the contact page, if any one cares to try;http://www.earthecho.org/about-overview.html