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Big Oil’s dirty legacy in Nigeria

Financial Times LogoFinancial Times14h ago

Big Oil’s dirty legacy in Nigeria - Financial Times

Quick Summary:

Who will clean up the environmental mess when Shell and others pull out of the Niger Delta?

One of the reasons Shell persevered with SPDC for as long as it did is that gas produced from the SPDC JV’s onshore oilfields is needed to feed Nigeria LNG, which produces 7 per cent of the world’s liquefied natural gas.Shell owns 25.6 per cent of the lucrative project and is the operator.

Almost immediately after Shell and other international companies began extracting oil, Okpabi says there was a noticeable change in the area, evidenced by wilting fruits on contaminated farmlands and dead birds and animals.“Families used to cultivate their own food,” Okpabi, a US-educated criminologist who is now king of Ogale, says of his community before the oilmen came.

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Article Details

Author / Journalist: Aanu Adeoye

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 05:00:12 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 2621 words

Reading Time: 15 minutes read

Sentences: 88 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23441822

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About Financial Times

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 15 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 14 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #3

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