Posted by John Donovan: 9 Dec 2023
In a recent spectacle of financial bravado, Shell, the oil giant that never met a fossil fuel it didn’t like, has unveiled its grand plan to pour a cool $6 billion into Nigeria’s oil and gas fields. Because, you know, nothing says commitment to the environment like doubling down on drilling.
Shell’s director of gas and upstream operations, Zoe Yujnovich, gushed about an “imminent $5 billion investment opportunity” in Nigeria’s offshore Bonga North oil project. She’s “really keen” to make this investment “as soon as possible.” It’s like hearing someone excitedly planning a party at a house that’s already on fire.