When Oil Majors Divest, Who Pays for the Damage in the Niger Delta?
International oil companies are selling off their onshore and shallow-water assets across the Niger Delta at an unprecedented pace. The central question asked at global climate forums this week, "When
When Oil Majors Divest, Who Pays for the Damage in the Niger Delta?
International oil companies are selling off their onshore and shallow-water assets across the Niger Delta at an unprecedented pace. The central question asked at global climate forums this week, "When the oil companies leave, who pays?", is not an abstract policy debate in Akwa Ibom State. It is an active economic and ecological crisis.
The current trend of oil company divestment in Nigeria allows multinational corporations to clear legacy liabilities from their global balance sheets. Meanwhile, it leaves host communities, local governments, and
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Written by Elkanah Oluyori
Director, Clement Isong Foundation Β· Uyo, Akwa Ibom State, Nigeria
Elkanah leads Clement Isong Foundation with 16+ years of experience in green economy development, climate justice, and civic technology in Akwa Ibom State and Nigeria. He is the founder of GreenAccelerators, Nigeria's first green economy opportunity portal.
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