Oil companies including Shell Plc and Eni SpA should pay $12 billion to repair environmental devastation in Nigeria’s crude-rich Niger Delta, according to a new report.
More than six decades of pumping oil has left Bayelsa state “in the grip of a human and environmental catastrophe of unimaginable proportions,” a panel established by the local government said in a report published on Tuesday. The extraction of crude is “the overwhelmingly evident cause of this disaster” in the state, home to more than 2 million people, it said.
