While the big five oil companies registered record profits on the back of the energy crisis, relatively little will be reinvested in renewables as climate goals are slashed.
Energy giants are reaping the benefits of high energy prices. Shell followed ExxonMobil in doubling its annual profit for 2022 to nearly $40 billion, the highest in its 115-year history. It's sparked outrage among climate activists and those calling for higher taxes as households struggle with high energy bills.
More than 13,000 Nigerian residents take Shell to court over oil spills. The claim from 11,317 people and 17 institutions in the Niger Delta area of Ogale was filed last week, according to Leigh Day, the U.K. law firm representing the plaintiffs.
Shell Petroleum Development Company (SPDC) yesterday announced that it would pay €15 million to farmers in three Niger Delta communities as compensation for damages to their farms from pipeline leaks between 2004 and 2007.
25 Mar 2022
Four Nigerian widows who brought a case against energy giant Shell for allegedly helping corrupt witnesses have their case thrown out. Their husbands, known as the "Ogoni 9", were executed in 1995 for campaigning against the exploitation of oil in southern Nigeria. Also, Liberia makes breastfeeding mandatory for mothers for at least six months. Finally, Tunisia welcomes its first cruise ship in three years.
6 Mar 2022
As aggressive sanctions hit Russia over the war in Ukraine, a growing number of Western firms are cutting ties with the country. While ordinary Russians stand to be hit hard, the EU has also imposed more targeted measures at business elites. We take a closer look.
30 Dec 2021
A South African court on Tuesday blocked Shell from using seismic waves to explore for oil and gas in the Indian Ocean, handing a landmark victory to environmentalists worried about the impact on whales and other species.
20 Nov 2021
The oil giant has announced it will take up a new tax residency and remove "Royal Dutch" from its name. The relocation follows a Dutch court order to slash its emissions by 2030.
2 Aug 2021
A Dutch court in January ruled that Shell had polluted the Niger Delta and ordered the energy giant to pay compensation. But many are now questioning whether it is enough to put right the misery suffered by the people.
27 May 2021
A Dutch court has ordered Shell to bring its emissions in line with the Paris climate targets. Claimants had argued that Shell had violated human rights by fueling the climate crisis.
18 Mar 2021
Energy giants Eni and Shell were accused of corruption in the 2011 purchase of an offshore oilfield in Nigeria. The $1.3 billion sale was the biggest corruption scandal to hit the industry.
16 Feb 2021
Britain's Supreme Court has ruled that more than 40,000 people can make claims against the European energy giant following decades of oil spills in the Niger Delta region.