Shell to divest Nigerian onshore oil operations amid environmental concerns

Shell's proposal, if approved without restrictions by the Nigerian government, could limit the oil giant's liability for decades of environmental pollution.

Taiwo Adebayo reports for Associated Press.

In short:

Shell has agreed to sell its onshore oil business in Nigeria's Niger Delta to a consortium for $2.4 billion, aiming to reduce its West African footprint.
The sale faces scrutiny from activists demanding Shell address longstanding environmental damages before finalizing the deal.
The Nigerian government's approval is required for the sale, involving assets primarily owned by the national oil company NNPC.

Key quote:

“It would be a matter of very grave concern if the obvious legacy issues, especially the environmental and decommissioning issues, are not adequately and transparently addressed before and by any eventual divestment.”

— Ledum Mitee, local activist

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