Friday, May 21, 2010

#10 Royal Dutch Shell invest $2bn to stop gas flaring




According to an article on telegraph.co.uk written by Roweria Mason, Royal Dutch shell has decided to invest 2 billion dollars in order to reduce the frequency of gas flares occurring in Nigeria. There has been no concrete evidence that shows gas flaring is damaging to ones health but it has been reported that these flares release a substantial amount of carbon emissions. Royal Dutch Shell has previously invested $3 billion into reducing gas flares.

This is good news for Nigeria not only for the reduction of gas flaring but also the fact that since Shell is investing more money into Nigeria then the likelihood of Royal Dutch Shell abandoning operations in Nigeria is slim. Due to this, it seems that Nigeria will still be able to have a source of income in the years to follow.

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