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MPs angry as Shell distances itself from NAM earthquake claims

There has been furious reaction after energy giant Shell distanced itself from possible claims for earthquake damages in Groningen province made against its subsidiary gas production company NAM.

MPs are calling for an emergency debate to discuss the issue, the Financieele Dagblad reported on Monday.

In addition, farmers in the earthquake-damaged province of Groningen are planning a demonstration Monday evening in Delfzijl, local paper Dagblad van het Noorden said. Farmers claim subsidence harms their crops and threatens their manure stores.

Moreover, many claim NAM does not have the money to settle the escalating claims which are certain to reach billions of euros.

The row was triggered on Saturday when Trouw said Shell was backing away from possible earthquake damages claims made again NAM, an assertion based on Shell Nederland’s annual report published in June 2017.

In the report, Shell withdrew a clause regarding its responsibility for NAM. The clause is legally required to make companies responsible for debts of subsidiaries which do not publish their own annual reports. FULL ARTICLE

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