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Shell wants to buy off liability from NAM in Groningen

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Shell wants to buy off liability from NAM in Groningen

jenniferruffalo

Shell wants to buy off liability for the earthquakes in Groningen in one go. That is what president-director Marjan van Loon of Shell Netherlands says in an interview with the Financieele Dagblad (FD). Shell is a half shareholder of the Nederlandse Aardolie Maatschappij (NAM), the company that carries out the drilling in Groningen. The other half is owned by ExxonMobil.

By buying off the liability, the settlement of damage caused by the earthquakes can be accelerated, according to Van Loon. The parties have been disagreeing for years about who will pay for the damage, which means that the settlement process is slow.

Residents of Groningen have suffered from damage to their homes for years, as a result of earthquakes caused by gas extraction by the NAM.

At the beginning of January, a subsidy pot from which households could receive 10,000 euros to improve the quality of their home was empty within a few hours. There are 53,000 households that qualify for that money. The empty pot and the news that more gas will be extracted this year than had been promised, led to a torchlight procession where thousands of people expressed their dissatisfaction.

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