Market Chatter: Pollution Worsening Around Two Royal Dutch Shell Oil Spills in Nigeria Due to Delayed Clean Up Efforts

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The environmental damage around the site of two Royal Dutch Shell (RDS.A, RDS.B) oil spills in Nigeria a decade ago has worsened significantly after years of delay to cleanup efforts, the Wall Street Journal said, citing a report that the company has been accused of trying to shield from public view.

The 2015 analysis was commissioned by the Bodo Mediation Initiative, a consortium established to oversee the cleanup in the area, the news report said.

Shell was cited as saying on Friday it didn't control the 2015 study and wasn't in a position to grant permission for its release.

At least one of the authors - Kay Holtzmann, the cleanup project's former director - urged the findings to be widely distributed because they pointed to significant health risks to the local community.

This comes as London High Court's Justice Cockerill ruled Thursday the Bodo community, which has been involved in a protracted legal battle with Shell over the clean-up of two 2008 oil spills, should retain the option of litigation for another year.

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This article appears in: Investing , ETFs
Referenced Symbols: RDS.A , RDS.B

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