Shell Faces 5 Billion Dollar Nigeria Fine
From Wall Street Journal
Royal Dutch Shell PLC could face a record $5 billion fine from authorities in Nigeria for an oil spill off the coast of the West African country last year, an amount that dwarfs similar fines in the U.S. and Brazil.
Shell pushed back hard against the penalty, proposed by federal authorities seven months after some 40,000 barrels of oil leaked at Shell”s Bonga offshore facility.
