UK: Supreme Court rules that polluted Nigerian communities can sue Royal Dutch Shell in the English courts business-humanrights.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-humanrights.org Daily Mail and Mail on Sunday newspapers.
Shell. Photo: FIRCROFTThe economic indices laying bare before Nigerians today reveal that the country is poorer than ever before and cannot fend adequately for its needs without borrowing. That might seem like the obvious consequence from the sharp fall in not just the demand, but the price of crude oil internationally. But most importantly, it is difficult to have a glowing economy because Nigeria’s government continues to operate a mono-economic system rather than opening and growing the economy through other sectors. However, none of this makes much difference before the Niger Deltans, because they have been rendered penniless and inactive for decades from their traditional occupation of farming and fishing by the crude oil spill. This underlines the big challenges facing the region and the reasons behind its youth unending restiveness.
ART-LOGUE
Surely, a pavement is the last place anyone would expect to find these two sofas! Indeed, the rationale behind their juxtaposition in front of a luxuriant pine tree, just outside what looks like a semi-detached building, with a mostly redbrick façade, is hard to figure out. But then, two strikingly similarly-clad figures –sporting black hooded sweatshirts and sweatpants – add their quota to this visual non sequitur. One of them, showing a profile view and striking a conversational pose with two slightly spread-out arms, rests a foot on one of the sofas, which is cream-coloured. The other is simply reclining in a semi-sitting position on the next sofa, which has a greenish colour, and is facing the opposite direction.
Shell records steep loss as COVID-19 weighs on oil demand
Shell’s declaration came days after rival energy giants – Exxon Mobil and BP – announced similarly underwhelming results.
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Royal Dutch Shell slumped to a net loss of $21.68 billion in 2020, 71 per cent weaker than a profit of $15.8 billion posted in the year before, the oil major reported on Thursday, as global oil demand took a bashing from lockdowns and curbs introduced to flatten the curve of the pandemic spread.
Shell’s declaration came days after rival energy giants – Exxon Mobil and BP – announced similarly underwhelming results.
The oil and gas firm said “significant uncertainty” would persist in taking its toll on demand for energy products.
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