Shell to pay out $83M to settle Nigeria oil spill claims

Filled oil drums are seen at Royal Dutch Shell Plc’s lubricants blending plant in the town of Torzhok, north-west of Tver, in this November 7, 2014 file photo. Credit: Reuters/Sergei Karpukhin/Files

Royal Dutch Shell will pay out 55 million pounds ($83.4 million) in compensation for two oil spills in Nigeria in 2008 after agreeing a settlement with the affected community.

The largest ever out-of-court settlement relating to oil spills in Nigeria is a step forward for the oil-rich Niger Delta region that has been hit by regular environmental damage, but it is tiny compared with the billions in compensation and fines BP had to pay after the Macondo rig disaster in the Gulf of Mexico in 2010.

Read more: Shell to pay out $83 million to settle Nigeria oil spill claims | Reuters.

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