Cut, run, and leave the mess: UN experts call out Shell’s Nigeria ‘experiment’—and the sin-stock’s biggest backers keep cashing the cheques”
Divestment without detox: when the clean-up plan is ‘exit.’
Shell—the greedy, ruthless, polluting oil giant, otherwise known as the world’s favorite sin stock—has discovered a thrilling new frontier in corporate innovation: sell the onshore assets, skip the proper clean-up, and let someone else hold the bag. Unfortunately for Shell, a phalanx of United Nations human-rights experts just said the quiet part out loud—formally warning that recent asset sell-offs in Nigeria may have breached international human-rights law and “lacked transparency.” The experts expressed “grave concern” and accused the oil majors of using “Nigeria… as an experiment for divestment without clean-up.”
