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LequteMan
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Nigeria- The National Assembly on Wednesday has instructed Shell to pay $4bn as damages for the 2011 oil spill at Bonga oilfield. The Assembly took this action after perusing through a report from NOSDRA, which previously recommended a fine of $5bn.
Excerpt from Reuters:
Nigeria's National Assembly said on Wednesday oil major Shell should pay $3.96 billion for a 2011 spill at its offshore Bonga oilfield in the latest assessment of damage to the environment.
The non-binding decision comes after years of analysis by various Nigerian state agencies, which have proposed a range of fines as high as $11.5 billion.
The parliament finally reached a decision based on the report of the National Oil Spill Detection and Response Agency (NOSDRA), which previously recommended a fine of $5 billion.
Shell declined to comment. The company has previously said it took responsibility for the spill and had cleaned the area.
The parliament's decision is non-binding as it only has the power to recommend fines to the government and cannot enforce them.
click here to read more
#Nigeria #Shell #NOSDRA
Excerpt from Reuters:
Nigeria's National Assembly said on Wednesday oil major Shell should pay $3.96 billion for a 2011 spill at its offshore Bonga oilfield in the latest assessment of damage to the environment.
The non-binding decision comes after years of analysis by various Nigerian state agencies, which have proposed a range of fines as high as $11.5 billion.
The parliament finally reached a decision based on the report of the National Oil Spill Detection and Response Agency (NOSDRA), which previously recommended a fine of $5 billion.
Shell declined to comment. The company has previously said it took responsibility for the spill and had cleaned the area.
The parliament's decision is non-binding as it only has the power to recommend fines to the government and cannot enforce them.
click here to read more
#Nigeria #Shell #NOSDRA
