Seeking Alpha

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.
From other sites
Comments (1)
  • Old Trader
    , contributor
    Comments (5728) | 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
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs