3 months ago
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Shell's proposal, if approved without restrictions by the Nigerian government, could limit the oil giant's liability for decades of environmental pollution.
Taiwo Adebayo reports for Associated Press.
In short:
- Shell has agreed to sell its onshore oil business in Nigeria's Niger Delta to a consortium for $2.4 billion, aiming to reduce its West African footprint.
- The sale faces scrutiny from activists demanding Shell address longstanding environmental damages before finalizing the deal.
- The Nigerian government's approval is required for the sale, involving assets primarily owned by the national oil company NNPC.
Key quote:
“It would be a matter of very grave concern if the obvious legacy issues, especially the environmental and decommissioning issues, are not adequately and transparently addressed before and by any eventual divestment.”
— Ledum Mitee, local activist
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