The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

CORRECTED-UPDATE 2-Dutch ruling on Nigeria could prompt more environmental cases

Fri, 18th Dec 2015 14:28

(Removes erroneous reference to overturning of 2013 ruling, par2)

* Shell ordered to provide documents on cause of spills

* Shell disappointed court assumes internationaljurisdiction

* Netherlands may be used for cases against Dutch companiesabroad

* Court has not yet ruled on Shell parent company liability

By Thomas Escritt

THE HAGUE, Dec 18 (Reuters) - A Dutch appeals court ruled onFriday that Royal Dutch Shell may be held liable foroil spills at its subsidiary in Nigeria, potentially opening theway for other compensation claims against multinationals in theNiger Delta and elsewhere.

The ruling was hailed by rights groups as a victory forvictims of environmental pollution worldwide, while Shell saidit was disappointed.

Judges in The Hague ordered Shell to make available to thecourt documents that might cast light on the cause of the spillsand whether leading managers were aware of them.

A lower Dutch court in 2013 had found that Shell'sDutch-based parent company could not be held liable for leakagesof oil at its Nigerian subsidiary.

The legal dispute dates back to 2008 when four Nigerianfarmers and campaign group Friends of the Earth filed suitagainst the oil company in the Netherlands, where its globalheadquarters is based.

"Shell can be taken to court in the Netherlands for theeffects of the oil spills," the court stated on Friday. "Shellis also ordered to provide access to documents that could shedmore light on the cause of the leaks."

The court still has to decide if Royal Dutch Shell is infact resposible for the Nigerian spills. The court will continueto hear the case in March 2016.

Judge Hans van der Klooster said the court had also foundthat it "has jurisdiction in the case against Shell and itssubsidiary in Nigeria".

Shell's Nigerian subsidiary, Shell Petroleum DevelopmentCompany of Nigeria Ltd (SPDC), said in a statement: "We aredisappointed the Dutch court has determined it should assumeinternational jurisdiction over SPDC."

"We believe allegations concerning Nigerian plaintiffs indispute with a Nigerian company, over issues which took placewithin Nigeria, should be heard in Nigeria," it said.

UNIQUE RULING

Shell has always blamed the leakages on sabotage which underNigerian law would mean it is not liable to pay compensation.But the Dutch court said on Friday: "It is too early to assumethat the leaks were caused by sabotage."

"The ruling is unique and can pave the way for victims ofenvironmental pollution and human rights abuses worldwide toturn to the Netherlands for legal redress when a Dutch companyis involved," Friends of the Earth Netherlands said in astatement.

In January 2013, the district court in The Hague ruled thatone of the farmers in the original suit was eligible forcompensation from Shell's Nigerian division for spills on hisland in the Niger Delta, the heart of Nigeria's oil industry.

The farmer appealed over whether the parent company shouldalso be liable.

In a separate case, Shell agreed in January to pay out 55million pounds ($82 million) in out-of-court compensation fortwo oil spills in Nigeria in 2008 after agreeing a settlementwith the affected community in the Delta. (Additional reporting by Anthony Deutsch; editing by RichardBalmforth)

More News
7 Jan 2022 08:17

LONDON BRIEFING: Shell warns on cash outflows but continues buybacks

LONDON BRIEFING: Shell warns on cash outflows but continues buybacks

Read more
7 Jan 2022 07:57

LONDON MARKET PRE-OPEN: Shell says buybacks to continue "at pace"

LONDON MARKET PRE-OPEN: Shell says buybacks to continue "at pace"

Read more
7 Jan 2022 07:49

Shell to proceed with share buyback 'at pace' despite weaker oil performance

(Sharecast News) - Royal Dutch Shell said its $7bn share buyback programme would continue "at pace" despite weaker oil product sales due to the Omicron Covid variant and forex headwinds in Turkey.

Read more
7 Jan 2022 07:27

UPDATE 3-Shell pursues $7 billion buyback 'at pace' despite LNG troubles

* LNG production hit by outages in Australia* Marketing earnings impacted by Omicron slowdown (Adds share price)By Ron BoussoLONDON, Jan 7 (Reuters) - Royal Dutch Shell said it will pursue "at pace" a $7 billion share buyback largely funded from t...

Read more
7 Jan 2022 07:27

UPDATE 1-Shell to continue $7 bln buyback programme 'at pace'

(Adds detail)By Ron BoussoLONDON, Jan 7 (Reuters) - Royal Dutch Shell said on Friday its $7 billion share buyback programme, of which $1.5 billion has been completed, will continue "at pace" despite a slowdown in fuel demand due to the Omicron COV...

Read more
7 Jan 2022 07:27

UPDATE 2-Shell pursues $7 billion buyback 'at pace' despite LNG troubles

* LNG production hit by outages in Australia* Marketing earnings impacted by Omicron slowdown (Adds details, graphics)By Ron BoussoLONDON, Jan 7 (Reuters) - Royal Dutch Shell said it will pursue its $7 billion share buyback programme after selling ...

Read more
7 Jan 2022 07:10

Shell to continue $7 bln buyback programme 'at pace'

LONDON, Jan 7 (Reuters) - Royal Dutch Shell said on Friday its $7 billion share buyback programme, of which $1.5 billion has been completed, will continue "at pace" despite a slowdown in fuel demand due to the Omicron COVID-19 variant.(Reporting b...

Read more
6 Jan 2022 23:48

U.S. court rejects laundromat owners' bid to block sale of Texas oil refinery to Mexico's Pemex

By Stefanie EschenbacherHOUSTON/MEXICO CITY, Jan 6 (Reuters) - A U.S. court on Thursday tossed out a request from two laundromat owners to block Mexican state oil company Petroleos Mexicanos (Pemex) from acquiring majority control of a Texas oil r...

Read more
6 Jan 2022 12:16

UPDATE 2-Key Kazakh oil fields pump despite protests

(Updates with Shell, details, background)By Ron Bousso and Rowena EdwardsLONDON, Jan 6 (Reuters) - Oil production at Kazakhstan's top three fields is continuing even as some contractors gathered outside the largest Tengiz field in support of protes...

Read more
6 Jan 2022 12:00

Shell-backed U.S. solar developer raises $775 million in equity

By Nichola GroomJan 6 (Reuters) - Silicon Ranch Corp, the U.S. solar project developer backed by Royal Dutch Shell, on Thursday said it raised $775 million in equity capital from new and existing investors.The announcement comes as renewable energ...

Read more
5 Jan 2022 09:54

UPDATE 2-Commodity-linked stocks lift UK's FTSE 100 after dull start

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Ocado, LSEG, Ferguson gain as brokerages raise share ratings* Gains in oil majors offset risk-off sentiment* FTSE 100 up 0.2%, FTSE 250 of...

Read more
4 Jan 2022 17:00

LONDON MARKET CLOSE: Stocks start 2022 in style as airlines fly higher

LONDON MARKET CLOSE: Stocks start 2022 in style as airlines fly higher

Read more
4 Jan 2022 12:04

LONDON MARKET MIDDAY: Bright start to 2022 as travel stocks take off

LONDON MARKET MIDDAY: Bright start to 2022 as travel stocks take off

Read more
3 Jan 2022 13:26

U.S. refiner HollyFrontier warns of lower than expected throughput

Jan 3 (Reuters) - U.S. oil refiner HollyFrontier Corp's fourth-quarter throughput will be lower than forecast, hit by weather and turnaround setbacks at refineries in Washington, New Mexico and Oklahoma, the company warned on Monday.Flooding in B...

Read more
31 Dec 2021 13:08

LONDON MARKET CLOSE: Muted finish as FTSE 100 rallies 14% in 2021

LONDON MARKET CLOSE: Muted finish as FTSE 100 rallies 14% in 2021

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.