Nigeria Threatens Shell With $5B Fine For Oil Spill

Law360, New York (July 17, 2012, 12:05 PM EDT) -- Royal Dutch Shell PLC said Tuesday that the Nigerian government’s oil regulator has recommended a $5 billion fine against the company for a December leak that spilled up to 40,000 barrels from an offshore drilling site.

The fine was suggested to a Nigerian National Assembly committee by a representative of the country’s National Oil Spill Detection and Response Agency, according to Shell spokeswoman Claire Scotter.

She said the body must act before the fine is actually imposed, but declined to speculate on when that might happen....
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