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Activists Urge Nigeria To Delay Shell's Asset Sale

A member of Shell staff on the Bonga offshore oil Floating Production Storage and Offloading vessel off the coast of the Niger Delta in Nigeria, on Dec. 26, 2011. Local activists and internatio

Local activists and international environmental groups are calling on Nigeria's government to postpone the approval of the sale of oil company Shell's onshore assets. They argue that Shell is attempting to evade its environmental and social responsibilities in the heavily polluted Niger Delta.

Shell is seeking to sell its subsidiary Shell Petroleum Development Company, which manages its onshore assets in the delta, to Renaissance Africa Energy Company, a consortium of local companies, in a $2.4 billion divestment deal. The company claims this move is part of a broader reconfiguration of Nigeria's oil and gas sector.

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