Tag Archives: Movement for the Survival of the Ogoni People

Is Shell’s exit from Nigeria a front to dodge legal responsibilities?

The oil giant is selling its Niger Delta subsidiary – but lending the new owners the money for the purchase

By Andy Rowell and James Marriot Published 6-6-2024 by openDemocracy

Damaged trees in the Niger Delta following the 2008 Bodo oil spill. Photo: Sosialistisk Ungdom (SU)/flickr/CC

Nigerian activists believe Shell’s apparent end to its 87-year operation in the country is an effort to avoid its legal responsibilities while holding onto the potentially profitable side of the business.

In January, the oil giant revealed it had “reached an agreement to sell its Nigerian onshore subsidiary” to Renaissance, a consortium of four Nigerian oil firms and one based in Switzerland.

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