Greg Russell: 13 June 2017
OIL giant Shell paid out more than $15 billion last year to the governments of countries where it or its subsidiaries are involved in upstream operations, sometimes known as the exploration and production (E&P) sector.
A report published in The Hague yesterday detailed payments in 31 countries totalling $15,064,478,257 (£11,814,987,258) – down from $21,840,825,287 (£17,132,492,852) in previous years.
It was Shell’s second report under UK Government regulations covering oil and gas, mining and logging of primary forest activities. It lists only payments made by the company and not those made by entities over which it has no control. read more
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