Groningen Earthquakes: Shell must explain to the House of Representatives about NAM’s liability
By withdrawing this statement, Shell would no longer be liable for the damage caused by the drilling of gas by NAM, a subsidiary of Shell, in Groningen.
Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad
From our editor • Economics & Politics
Shell may have to give explanations to the House of Representatives on Thursday about their decision to no longer be liable for NAM. A proposal by GroenLinks was adopted by a large majority of the House.
The withdrawal of the 403 statement by Shell caused great controversy and lack of clarity both in Groningen and in The Hague. By withdrawing this statement, Shell would no longer be liable for the damage caused by the drilling of gas by NAM, a subsidiary of Shell, in Groningen.
According to the oil company, nothing is wrong and the NAM is fully capable of compensating for the damage that can run into the billions. This is not enough for the House of Representatives. For example, Jesse Klaver wants ‘black and white the guarantee that Shell guarantees the damage of the Groningers’.
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Posted in: Business Principles, Environment, Gas, GoogleNews, Groningen Earthquakes, Litigation, NAM, Netherlands, Royal Dutch Shell Plc, Shell.
Tagged: Environment · Gas · Royal Dutch Shell Plc · Shell