A coalition of civil society organizations is calling on the Nigerian National Assembly to prevent Shell Petroleum Development Company of Nigeria Limited (SPDC) from selling its onshore oil business to Renaissance Africa Energy Company Limited. The group argues that international oil companies (IOCs) have existing environmental obligations in the Niger Delta region and should not be allowed to transfer these responsibilities.
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He stated that many of the companies have caused environmental degradation in the region without providing adequate remediation, adding that the divestment would transfer these responsibilities to other parties., or any other company to walk away from their responsibilities would mean transferring these liabilities to the Nigerian state, the Niger Delta states, and the Nigerian people.Support journalism driven by facts, created by Nigerians for Nigerians.
It said Shell, ENI/AGIP, ExxonMobil and other IOCs have previously conducted similar transactions without addressing the environmental impact of decades of exploration. At Premium Times, we firmly believe in the importance of high-quality journalism. Recognizing that not everyone can afford costly news subscriptions, we are dedicated to delivering meticulously researched, fact-checked news that remains freely accessible to all.
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