Shell is facing what Americans might describe as a shitstorm of lawsuits arising from its Nigerian activities since the 1950’s. Litigation is current or pending in Nigeria, the USA, Italy, the UK and the Netherlands.
January 25th, 2017:
Canada Pension Said to Join Bid for Shell’s North Sea Assets
Canada Pension Plan Investment Board has joined a group that’s in advanced talks to buy a package of Royal Dutch Shell Plc’s U.K. North Sea assets for more than $2 billion, people familiar with the matter said.
Canada’s largest pension fund has joined Washington-based EIG Global Energy Partners and North Sea-explorer Chrysaor Holdings Ltd. to bid for the operations, said the people, who asked not to be identified because the matter is private.
The sale is a key part of Shell’s plans to divest about $30 billion in assets through 2018 to help offset the $54 billion acquisition of BG Group, which increased debt and lowered its credit rating. Chief Executive Officer Ben van Beurden has vowed to boost savings following a two-year slump in crude oil prices.
‘It’s payback time,’ says Nigerian king suing Shell
James Rothwell: 25 JANUARY 2017
A Nigerian tribal king has accused oil giant Shell of pocketing “blood money” after leaking pipelines allegedly polluted his community’s drinking water with deadly diseases.
Emere Godwin Bebe Okpabi, who is the leader of Nigeria’s Ogale people, has taken the Royal Dutch Shell company to the High Court in London as he says they are responsible for the “devastating” pollution.
The court will rule on whether the case is under the UK’s jurisdiction on Wednesday.