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nigeria expects swift resolution of objections to shell oil asset sale
Nigeria's upstream oil regulator has identified some issues with Shell's proposed sale of its onshore assets to a consortium of local companies. Olu Verheijen, special adviser on energy to President Bola Tinubu, expressed confidence that these concerns will be resolved soon, aligning with the goal of facilitating the exit of international oil companies.
ing to restrict lending to climate polluters amid growing protests
Dutch bank ING has announced plans to stop financing oil and gas companies developing new fields, aiming for a complete phase-out by 2040. The bank will drop clients not meeting climate goals by 2026, impacting around 25 clients and €1 billion in lending. ING has already reduced its investments in the sector by 40% and is pushing 2,000 clients to reassess their sustainability efforts.
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