abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapelocationmap-pinminusnewsorganisationotheroverviewpluspreviewprofilerefreshnewssearchsecurityPathtagticktooltiptwitteruniversalityweb
Article

Shell and the liability debate

The new year has provided an object lesson in…corporate responsibility. It has global implications for businesses. That makes it local for India, currently in the throes of a policy makeover that firmly places government on the side of business…While businesses here continually push the boundaries of what they can get away with…, globalization of activism and judicial process is increasingly ensuring that businesses get away with less…[O]n 7 January, Royal Dutch Shell Plc. agreed to pay £55 million…in an out-of-court settlement to a community of fishermen in Nigeria… From the liability and risk-planning perspective, some feel the settlement…has not exactly closed the book, merely one chapter. FT quotes the concern of [the] executive director of Stakeholder Democracy Network, as to the likelihood of continuing scrutiny of Shell: “If I was a shareholder, I would be factoring in future liabilities.”

Part of the following stories

Shell lawsuit (re oil spills & Bodo community in Nigeria)

Shell pays £55 million out of court settlement to Nigerian Bodo community over oil spills