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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
oil and gas

Nigerians Sue Shell Over 25 Years of Oil Spills

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March 2, 2016, 6:21 AM ET
Nigerian Economy And Oil In Niger Delta And Port Harcourt
A man holds a pool of black oil in the palm of his hands, collected from oil pollution caused by a damaged pumping station, previously operated by Royal Dutch Shell Plc, near the Ogoniland village of K-Dere, Nigeria, on Wednesday, Jan. 13, 2016. With his security forces engaged in fighting Boko Haram's Islamist insurgency in the north, President Muhammadu Buhari can't afford renewed rebellion in the delta. Photographer: George Osodi/Bloomberg via Getty ImagesBloomberg Bloomberg via Getty Images
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This article is published in partnership with Time.com. The original version can be found here.

By Rishi Iyengar @Iyengarish

Oil and petroleum giant Shell is facing lawsuits for the second time in five years over oil spills in Nigeria, as two communities from the West African country sought damages in a London court this week.

The Ogale and Bille communities near the country’s coast, numbering tens of thousands of people, are demanding that the company compensate them and clean up their land, the BBC reported.

 

The communities, whose primary occupations are fishing and agriculture, claim they have not had clean farmland or drinking water due to multiple oil spills since 1989 and allege that at least four sites that Shell had planned to clean up remain contaminated, the BBC said.

A hearing scheduled for Wednesday in London will determine whether the two communities can pursue a case against the company’s Nigerian subsidiary, Shell Petroleum Development Company of Nigeria (SPDC).

Amnesty International warned on Tuesday that Shell could face further lawsuits from Nigerian communities in the future.

Amnesty’s UK Economic Affairs Program Director Peter Frankental saidin a statement that the organization hoped “this new lawsuit will spur Shell on to accept its responsibilities by cleaning up the oil spills and compensating those in the Niger Delta whose lives have been devastated by them.”

A statement from Shell said its review of the claims is at an “early stage” and demanded that the cases be heard in Nigeria.

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