After Decades, Oil Giant Shell Agrees to Pay $111 Million for Destruction in Nigeria
Following decades of protests and demands over the damage done, Royal Dutch Shell on Wednesday finally agreed to pay $111 million for oil spills that have polluted Nigerian communities for more than a half-century.
“They ran out of tricks and decided to come to terms,” Lucius Nwosa, a lawyer representing a lawyer for the Ejama-Ebubu community in Ogoniland, Rivers State, told Agence-France Presse. “The decision is a vindication of the resoluteness of the community for justice.”
A spokesperson for the oil giant’s Nigerian subsidiary, Shell Petroleum Development Company of Nigeria, said that “the order for the payment… to the claimants is for full and final satisfaction of the judgment.”
The case dates back to 1991. A Nigerian court ordered Shell to compensate the Ejama-Ebubu people in 2010, which the company repeatedly appealed, unsuccessfully.
After losing its appeals, Shell initiated arbitration proceedings against the Nigerian government at the World Bank’s International Center for Settlement of Investment Disputes in February. Bloomberg reports that the company has not said whether it will now withdraw the claim.
Shell plans to pay out the $111 million within the next three weeks. While the settlement was seen by some as a bit of justice, it is a relatively small amount of money for an oil giant whose reported adjusted earnings for 2020 were $4.85 billion. The previous year, before the coronavirus pandemic, the British-Dutch multinational saw a profit of $16.5 billion.
https://www.naturalblaze.com/2021/08/after-decades-oil-giant-shell-agrees-to-pay-111-million-for-destruction-in-nigeria.html