Shell Pushes On With Nigeria’s Onshore Asset Divestment

The lawyer for the community said the ruling, which was made public on Monday, barred Shell from disposing its assets as ordered by a lower court in March.

“The Supreme Court ruling on 16 June was with respect to the contempt proceedings and not related to onshore portfolio review,” Odugbesan said.Shell has invited bids for its onshore assets. Odugbesan did not say how many bids had been received. Eighty-eight communities in Rivers state were awarded $1.95 billion compensation for an oil spill they blamed on Shell and which damaged their farms and waterways. Shell denies causing the spill.

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