Thursday 27th January 2022
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Divestment from onshore oil production in Niger Delta: Trends and implications

Off-shore oil drilling

Most oil production licenses in Nigeria will soon be operated by domestic oil companies (DOCs), rather than international oil companies (IOCs), for the first time in history. This trend of divestment among IOCs – particularly from onshore oil production – has important implications for communities in the Niger Delta, who have borne the brunt of the negative impacts of the ...

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ERA demands Shell accountability, halt to divestment of facilities

Niger Delta

Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has deplored the recent disclosure that Shell plans to sell its land based and shallow offshore oil fields and infrastructures in the Niger Delta region of Nigeria. Oil pollution in the Niger Delta has largely contributed to the destruction of the area’s biodiversity and to unprecedented levels of deprivation. Photo credit: ...

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Oslo becomes world’s first city to divest from fossil fuels

Lan Marie Nguyen Berg of the Green Party

The City of Oslo in Norway on Monday October 19, 2015 became the first capital city in the world to ban investments in fossil fuels, as it announced it would divest its $9 billion pension fund from coal, oil and gas companies. The announcement follows a previous pledge in March to ban investment in coal. Lan Marie Nguyen Berg of the Green Party ...

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