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Fines amounting to $8B sought by Nigeria from Shell (RDS.A) and Chevron (CVX) for oil spills are...

Fines amounting to $8B sought by Nigeria from Shell (RDS.A) and Chevron (CVX) for oil spills are not backed by law, according to the chairman of the country’s Senate Committee on Environment. That doesn't mean laws won't be changed, but observers say tough measures are unlikely to be enforced against companies engaged in partnerships with the government.
Comments (1)
  • Old Trader
    , contributor
    Comments (5725) | Send Message
     
    I'm not quite so sure that "tough measures are unlikely to be enforced against companies engaged in partnerships with the government."

     

    Take a look at what's happened in Russia to Western private energy companies partnered with "connected" Russian entities.
    1 Feb 2013, 01:29 PM Reply Like
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