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Shell and BASF agree $316m toxic payout

FINANCIAL TIMES

By Samantha Pearson in São Paulo: March 12, 2013 5:24 pm

Royal Dutch Shell and Germany’s BASF have agreed to pay up to $316m to workers exposed to toxic chemicals in Brazil, drawing to a close a six-year legal battle that has overshadowed the companies’ local operations.

A pesticide factory in São Paulo state, operated by the companies for three decades until it was shut down in 2002, has been blamed for 60 deaths in the local community as well as a series of health problems ranging from memory loss to prostate cancer.

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