Latest News
Shell must not be allowed to divest from Niger Delta until clean up –SOMO
News Highlight
Shell must not be allowed to simply walk away from this most emblematic of unjust energy transition cases, says Audrey Gaughran, Executive Director of SOMO.
Shell, the Anglo-Dutch oil giant, should not be allowed to divest from the onshore oil industry in the Niger Delta, in southern Nigeria, before it takes responsibility for its toxic legacy of pollution and the safe decommissioning of abandoned oil infrastructure, says Centre for Research on Multinational Corporations (SOMO) in a new report.
The report says Shell is leaving behind petroleum-contaminated rivers and streams and large areas of polluted land that have devastated the lives and livelihoods of millions of people living in the Niger Delta. By divesting from its onshore assets in the region, SOMO says Shell is trying to avoid responsibility for the environmental degradation caused by its operations.
“Shell must not be allowed to simply walk away from this most emblematic of unjust energy transition cases,” says Audrey Gaughran, Executive Director of SOMO.
According to a statement sent to Financial Nigeria by SOMO, while Shell has offloaded its problem assets in the Niger Delta, it is still involved financially in some of the new operations or will buy the oil they produce.
Related News
Latest Blogs
- Between legality and legitimacy of Egbetokun’s tenure extension
- Of American aid and imperial destabilisation of Nigeria
- Nigeria's economic prospects in a changing world order
- African banks can leverage intra-African trade if they fix governance gaps
- EFCC and when law enforcement becomes the terror
Most Popular News
- Artificial intelligence can help to reduce youth unemployment in Africa – ...
- AI Startups account for 43 percent of new unicorns
- MTN Nigeria records N400 billion net loss in full year 2024 results
- Human Rights Watch says EU Commission waters down corporate rules
- Analyst provides mixed reaction to Nigerian equity market performance
- Stakeholders agree to improve resilience of submarine telecoms cables