Credible News
  • Home
  • Conflict
  • Crime
  • Education
  • Economy
  • Entertainment
  • Foreign
  • Health
  • ICT
  • Legal
  • Politics
  • Security
  • Sports
No Result
View All Result
  • Home
  • Conflict
  • Crime
  • Education
  • Economy
  • Entertainment
  • Foreign
  • Health
  • ICT
  • Legal
  • Politics
  • Security
  • Sports
No Result
View All Result
Credible News
No Result
View All Result

Environmentalists ask FG to stop Shell from selling assets

Credible News by Credible News
January 18, 2024
in Conflict, Economy, News
0
Shell agrees to sell SPDC, announces plan to exit Nigeria
0
SHARES
1
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

Some environmentalists have called on President Bola Tinubu-led Federal Government to immediately stop Shell from executing the planned divestment and sell of its Nigerian onshore subsidiary.

Century post reports that,  Pending approval by the Federal Government, Shell, on Monday announced on its website and social media platform X, formally twitter that it had reached an agreement to sell its Nigerian onshore subsidiary, SPDC, to a consortium of domestic and international oil companies for a total net fee of $2.8 billion.

Reacting to this move by the multinational company, six Nigerian environmentalists led by Dr Nnimmo Bassey, in a press statement made available to newmen, instructed that Shell must address all ecological, health, economic and social impact concerns in the Niger Delta before selling its assets.

The environmentalists stated that: “As civil society organisations in Nigeria who have worked in the Niger Delta in the context of oil and gas extraction and its attendant ecological, economic, social and health impacts, we have keenly observed the scheming by Shell to sell off its onshore assets in Nigeria despite clear protestations by communities and civil society organizations.

This transaction follows similar moves by Chevron, Total-Energies and ExxonMobil to sell off ‘oil assets’ in the Niger Delta”.

They however blamed the Federal Government and its regulatory agencies for failing to come up with a guide, policy or blueprint establishing the conditions and modalities for oil company divestments.

“Divestments by Shell, have happened haphazardly and in manners solely determined by oil companies, paying little or no attention to the broader ecological, economic and social impacts that their activities have bequeathed to communities”, they stated.

They therefore called on the Federal Government to immediately place a moratorium on all oil company divestment in the Niger Delta, pending the ascertaining of issues of community concern.

They said: “While we acknowledge that businesses have the right to dispose of their assets as they see fit, we are concerned about the manner in which this transaction is carried out, as well as the immediate and long-term implications for communities and the cause of ecological justice.

We are particularly concerned with the following issues:

“The communities which Shell often refer to as its ‘hosts’ and have endured the impacts and inconvenience of oil extraction for over six-decades, have not been consulted or informed of this planned sale. Several of these communities only learned from the news that oil assets situated in their ancestral lands and rivers are on sale.

“Shell has persistently engaged in irresponsible and reckless hydrocarbon extraction practices resulting in severe ecological, health and economic consequences.

Multiple inquiries have determined that the corporation and its associates are responsible for causing environmental destruction that has devastated people’s means of living, contaminated communities and facilitated situations that violate human rights.

“Up until now, the Nigerian government and its regulatory agencies have failed to come up with a guide, policy or blueprint establishing the conditions and modalities for oil company divestments. Divestments, including the latest by Shell, have happened haphazardly and in manners solely determined by oil companies, paying little or no attention to the broader ecological, economic and social impacts that their activities have bequeathed to communities.

“While Shell continues to downplay its role in the ecological damage of the Niger Delta, assessments by reputable organizations have indicted the company over environmental pollution.

“In 2011, the United Nations Environment Programme, released its findings on the impacts of hydrocarbon pollution in Ogoniland, an area operated by Shell. The assessment revealed severe contaminating of drinking water sources, and exposure of communities to health risks. Drinking water was found to contain cancer causing benzene 900 times above permitted levels.

“Another environmental and social impact assessment conducted in Bayelsa State showed that between 2006-2020, SPDC accounted for 75% of oil spill incidents in the Niger Delta, which cause massive health damages, environmental pollution, loss of livelihoods and displacements. The findings of the assessment reveal that there is a 1.5 crude oil barrels per capita pollution in the State besides some heavy metal pollution that are up to 1 million times above safe limits.

“The Bayelsa State Environment and Oil Commission in a report titled: “An Environmental Genocide – the human and environmental costs of Big Oil in Bayelsa State” showed a 1.5 barrels per capita pollution in that state.

READ ALSO: Shell agrees to sell SPDC, announces plan to exit Nigeria

“Given the well-established social, health, economic, and ecological impacts of Shell’s operation, it is inconceivable that the company intends to merely sell its holdings and go. The selling of assets by Shell and other oil multinationals, is easily an effort to evade accountability for the long-standing damages caused by oil extraction in the Niger Delta.

“It is pertinent that Shell owns up to its responsibility for the ecocidal damage of territories they have exploited. This means full payment for the remediation and restoration of the polluted areas as well as reparations to the host communities. They cannot walk away from the grave and irreparable harm they have caused.

“In accordance with the foregoing, we strongly condemn the attempt to sale off onshore oil assets by Shell. We demand that before selling any such assets, the company must address many cases and concerns about the ecological, health, economic and social consequences of its operations in the Niger Delta.

“Our demands and recommendations are as follows:

“The Federal Government should immediately place a moratorium on all oil company divestment in the Niger Delta, pending the ascertaining of issues of community concern.

“The Federal Government to immediately produce a framework and guide for how oil companies disengage from areas where they have operated. This guide should be developed by a multi stakeholder group including communities and civil society organizations. The divestment framework must contain the following requirement for oil companies and the Nigeria authorities:

“A scientifically developed post hydrocarbon impact assessment report that establishes the exact ecological and livelihoods impacts of oil extraction.

“A health audit of people located near extraction sites, and others exposed to oil contamination and gas flaring. This audit will aim at unravelling the negative health impacts of exposure to hydrocarbons.

“A detailed plan and costing for remediating the ecological, livelihood and health impacts of extraction.

“The establishment of independent frameworks for remediating all identified impacts and compensation to the impacted individuals and communities.

“Posting of funds in a designated account commensurate for the cleanup of impacted ecosystems and restoration of livelihoods”.

The Environmentalists include, Nnimmo Bassey, Health or Mother Earth Foundation; Ken Henshaw, We The People; Akinbode Oluwafemi, Corporate Accountability & Public Participation Africa; Emem Okon – Kebetkache Women Development and Resource Centre; Tijah Bolton-Akpan, Policy Alert; Stephen Oduware – Niger Delta Alternatives Convergence.

Credible news.ng

Tags: Dr Nnimmo BasseyFederal GovernmentNiger DeltaShell
Previous Post

Explosion in Bodija: Governor Makinde reveals shocking details

Next Post

Ibadan explosion victims plead for Betta Edu’s reinstatement

Credible News

Credible News

Next Post
Ibadan explosion victims plead for Betta Edu’s reinstatement

Ibadan explosion victims plead for Betta Edu's reinstatement

ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Kwara State university campus in Osi ready for first lectures

Kwara State university campus in Osi ready for first lectures

November 18, 2024
Police warn Lagosians against economic disturbance during NLC protest

Police in Kano urges caution as Muslims begin Ramadan

March 11, 2024
In the dark: UCH’s mounting power crisis

Is UCH in darkness: Need for responsible journalism!

February 9, 2025
Tiktok

Court remands Tik Toker for posting President Tinubu’s obituary

July 25, 2025
Corper recounts ordeal of Agunechemba attack, seeks prosecution

Corper recounts ordeal of Agunechemba attack, seeks prosecution

2

ADC begins online membership registration

2
Biden arrives Israel

Biden visits Israel amidst killing of more Palestinians

1
handcuffs

Police arrests 34-year-old man for raping 90-year-old woman

1
Prof. Nentawe Yilwatda APC

APC shifts presidential, governorship primaries

April 23, 2026
National Security Adviser, Nuhu Ribadu

FG returns to pruning security agencies

April 23, 2026
Professor Akin Abayomi is the Honourable Commissioner for Health in Lagos State

Lagos air quality worsens, expert calls for action

April 23, 2026
OAU VC urges investment in infrastructure, innovation

Medical student dies preparing for final exams

April 23, 2026

Recent News

Prof. Nentawe Yilwatda APC

APC shifts presidential, governorship primaries

April 23, 2026
National Security Adviser, Nuhu Ribadu

FG returns to pruning security agencies

April 23, 2026
Professor Akin Abayomi is the Honourable Commissioner for Health in Lagos State

Lagos air quality worsens, expert calls for action

April 23, 2026
OAU VC urges investment in infrastructure, innovation

Medical student dies preparing for final exams

April 23, 2026
Credible News

At Credible News we seek, process and serve news, opinions and analyses that are verifiable and reliable.
We also provide readers with authentic and credible facts and figures, news, opinions and analyses to make informed choices.

Follow Us

Browse by Category

  • Accident
  • Agriculture
  • Banking
  • Conflict
  • Crime
  • Development
  • Economy
  • Education
  • Entertainment
  • Fashion
  • Features
  • Foreign
  • Global Trade
  • Health
  • Human Interest
  • ICT
  • Interviews
  • Legal
  • Life Style
  • News
  • Oil & Gas
  • Opinion
  • Politics
  • Religion
  • Security
  • Sports
  • Travel
  • Trending
  • Women

Recent News

Prof. Nentawe Yilwatda APC

APC shifts presidential, governorship primaries

April 23, 2026
National Security Adviser, Nuhu Ribadu

FG returns to pruning security agencies

April 23, 2026
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Credible News - The place for all factual stories. Designed by VintoICT Solutions.

No Result
View All Result
  • Home
  • Conflict
  • Crime
  • Education
  • Economy
  • Entertainment
  • Foreign
  • Health
  • ICT
  • Legal
  • Politics
  • Security
  • Sports

© 2024 Credible News - The place for all factual stories. Designed by VintoICT Solutions.