Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Amsterdam  >  Royal Dutch Shell A    RDSA   GB00B03MLX29

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Ogoni king: Shell oil is killing my people

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/03/2016 | 09:03pm CET

His Royal Highness Emere Godwin Bebe Okpabi, the paramount ruler and hereditary king of the Ogale community in the oil-rich Niger delta, is ready to explode.

Related: Shell and Nigeria have failed on oil pollution clean-up, Amnesty says

After nearly a week of sittting quietly in top hat and regal chains in the obscure technology and construction court in London listening to Shell, the Anglo-Dutch oil company, argue why 45,000 impoverished Ogalean farmers should not be allowed to sue the company in Britain for historical pollution, he says he feels “betrayed and saddened … I dispute everything they have said. To listen to Shell saying they have not been not responsible for the pollution in Ogale has been dreadful.”

King Emere wants to sue Shell in London for not cleaning up pollution because he fears his community may never get justice in Nigeria. “You can never, never defeat Shell in a Nigerian court. A case can go on for very many years. You can hardly get a judgment against [an oil company] in Nigeria. Shell is Nigeria and Nigeria is Shell.”

The stakes are high, he says. If the London judge hearing the preliminary arguments finds for the king then, in around one year’s time, Shell will have to defend itself in the British courts. The result could be a massive clean-up of Ogale, possibly millions of dollars’ damages and other polluted communities bringing their cases to Britain.

The judge, who has nearly 1,000 pages of reports, submissions and statements from the two sides to consider will rule in the early new year. But if Shell wins, says the king, then the case will have to be heard in Nigeria where they may be able to avoid justice for decades because cases can get kicked between the appeal and supreme courts for many years.

“We are desperate people looking for justice. We know we cannot get justice there. A community near us got a huge judgment against Shell but the appeals have taken 10 years so far. In one case it has taken a community 32 years so far to get justice.”

Shell’s lawyers respond that the the Nigerian justice system has been reformed and speeded up and that its Nigerian subsidiary, SPDC, should be held responsible for any pollution rather than the parent company, Shell International. They claim that Ogale has also been heavily affected by theft, pipeline sabotage and illegal refining rather than failure of infrastrucure.

The king and and his legal team, from a UK law firm, Leigh Day, argue that a precedent was set last year when Zambian villagers were allowed to take an Indian company to court in London over water pollution by a subsidiary because the Zambian legal system was deeply flawed.

That pollution has occurred in Ogale from old Shell and Nigerian oil company pipelines is not disputed. Official records say there have been more than 40 major spills in the small Ogale kingdom over the years, of which 23 have been since 2011.

In 2011 the UN environment programme (Unep) published a scientific study of pollution in Ogoniland which said it found oil spills happening with “alarming regularity” in Ogale, including groundwater contamination that is more than 4,500 times Nigerian recommended levels. Water samples taken in 2010 from three metres below ground were found to be contaminated with benzene and other chemicals.

King Emere offers a bottle of water, taken recently, he says, from an Ogale borehole. The liquid smells powerfully of oil and tastes foul. “This is what we must drink. It is getting worse. We are getting strange illnesses. Our boys and girls cannot have children. We have strange deaths,” he says.

But the king says he is most saddened because he has witnessed the complete breakdown of trust between the company and his community. “I was a child of the 60s and 70s. We had a good relationship with the company. They would come with their Land Rovers. As little boys we would push them just to touch the Shell Land Rover. We used to go under the gas flare at the manifold to see the big beetles. We had no electricity. Our only lighting was the flare. We played there. When I was at primary school we used to run into the bush to get fruits, beautiful fruits. Now we have nothing.

“We did not know about pollution then. There were a lot of spills. We would see them and think nothing of them. We never knew that Shell was planting a time-bomb. We gradually realised things were getting bad in the 1980s and 1990.

“Have we done well out of the partnership with Shell? No. They have dumped us. I got saddened as I sat in the court and watched them trying to create a distance between themselves and the consequences of pollution. I saw them trying to push the blame on to someone else.

“The truth is that Royal Dutch Shell has been responsible for the damage in my community. The same people we loved are killing us now.”

Copyright © 2016 theguardian.com. All rights reserved., source Guardian Online

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ROYAL DUTCH SHELL A
12/03 OGONI KING : Shell oil is killing my people
12/02 ROYAL DUTCH SHELL A : Euro and GBP Equivalent Dividend Payments
12/02 ROYAL DUTCH SHELL A : plc third quarter 2016 Euro and GBP equivalent dividend pa..
12/02 ROYAL DUTCH SHELL A : Shell to start feeling Norway heat on shelved gas project
12/02DJROYAL DUTCH SHELL A : Shell to Shut Unit at Deer Park Refinery
12/01DJBP to Proceed with Deep Water Project in Gulf of Mexico -- 2nd Update
12/01DJBP to Proceed with Deep Water Project in Gulf of Mexico -- Update
11/30 CENTRICA : Sells Trinidad & Tobago Gas Assets To Shell Subsidiary
11/30 ROYAL DUTCH SHELL A : Oil price lifts on prospect of deal between OPEC ministers
11/29 READ "BREAKING ROCKEFELLER : The Incredible Story Of The Ambitious Rivals Who To..
More news
Sector news : Oil & Gas Refining and Marketing - NEC
12/02DJOil Giants Set to Bid on Mexico's Deep-Water Oil Fields
12/02 Buffett's Berkshire is urged to sell fossil fuel stocks
12/01DJBP to Proceed with Deep Water Project in Gulf of Mexico -- 2nd Update
12/01DJBP to Proceed with Deep Water Project in Gulf of Mexico -- Update
12/01 BP : approves $9 billion Mad Dog project in Gulf, a first since spill
More sector news : Oil & Gas Refining and Marketing - NEC
News from SeekingAlpha
12/03 How To Invest In Response To OPEC Oil Production Cuts
12/02 ENSCO : The Least Risky Driller
12/01 Energy rally continues
12/01 MARKET CHALLENGE : Oil, Energy Stocks Soar
12/01 Royal Dutch Shell B For Long-Term Dividends
Advertisement
Financials ($)
Sales 2016 232 114 M
EBIT 2016 10 960 M
Net income 2016 7 695 M
Debt 2016 70 582 M
Yield 2016 7,19%
P/E ratio 2016 22,09
P/E ratio 2017 13,31
EV / Sales 2016 1,23x
EV / Sales 2017 1,00x
Capitalization 214 941 M
More Financials
Chart ROYAL DUTCH SHELL A
Duration : Period :
Royal Dutch Shell A Technical Analysis Chart | RDSA | GB00B03MLX29 | 4-Traders
Full-screen chart
Technical analysis trends ROYAL DUTCH SHELL A
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 31,3 $
Spread / Average Target 20%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Ben van Beurden Chief Executive Officer & Executive Director
Charles Holliday Chairman
Simon P. Henry Chief Financial Officer & Executive Director
Harry Brekelmans Director-Technology & Projects
Gerardus Johannes Wijers Deputy Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ROYAL DUTCH SHELL A16.43%214 941
EXXON MOBIL CORPORATIO..11.99%360 928
BP PLC32.78%111 179
CHINA PETROLEUM & CHEM..10.89%94 318
SAUDI BASIC INDUSTRIES..--.--%77 390
SUNCOR ENERGY INC.20.89%53 604
More Results