Oil majors face call for US$12bil to repair Nigeria damage

More than six decades of pumping oil has left Bayelsa state “in the grip of a human and environmental catastrophe of unimaginable proportions,” according to research published by a panel set up by the local government. — Bloomberg

ABUJA: Oil companies including Shell Plc and Eni SpA should pay US$12bil (RM54bil) to repair environmental devastation in Nigeria’s crude-rich Niger Delta, a new report says.

More than six decades of pumping oil has left Bayelsa state “in the grip of a human and environmental catastrophe of unimaginable proportions,” according to research published by a panel set up by the local government.