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Oil Majors Face Call for $12 Billion to Fix Nigeria Damage

  • Shell, Eni and other oil companies pumped crude for decades
  • Crude extraction caused “human and environmental catastrophe”
Updated on

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.