- Created: Thursday, 12 February 2015 10:44
- Written by Cal Shaw
Following two separate oil pipeline leaks in 2008 and 2009 which damaged farmland and fisheries in the Niger Delta region, Royal Dutch Shell has made an out-of-court settlement to avoid an embarrassing High Court case in London. The Bodo community of Nigeria agreed unanimously to Shell’s offer of £55m, split into £35m for affected individuals and £20m for the community. They had previously rejected an offer of £30m made in 2014. The £55m payout is believed to be the largest compensation payment ever made to an African community following environmental damage. This is a victory for the community but the sum pales into insignificance when compared to Shell’s latest published profits – for the third quarter of 2014 they were $5.3 billion (on a current cost of supplies basis). If this case had gone to court in May it would have been the first case to be heard in Britain against the Anglo-Dutch oil giant.