Lambert Ogbari News Today

International oil corporations divest in African oil and gas assets citing environmentalism, but ultimately cause harm to the environment.

Big Oil companies like Shell are selling off their polluting assets to private firms with less accountability and oversight, a trend that is worsening living conditions near fossil fuel infrastructure in one of Africa’s largest oil producing regions.

As the world wrestles with climate change, major oil companies are selling off polluting assets around the globe. Shell, which announced in 2021 that it is looking to exit Nigeria’s onshore market completely, has repeatedly said in annual reports over the past eight years that divestments in Nigeria and elsewhere have played an important role in decreasing the company’s own

Shell says its divestments in Nigeria help the company meet its green goals. But villagers and watchdogs say conditions worsened after the sales.