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

|By:, SA News Editor

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.