Dutch Court Says Gas Producer Must Compensate Homeowners in Quake Zone
By REUTERS SEPT. 2, 2015
AMSTERDAM — A court in the Netherlands ruled on Wednesday that a natural gas company, a joint venture by Royal Dutch Shell andExxon Mobil, must compensate homeowners for declines in the value of their properties because ofearthquakes linked to production at the Groningen field.
The ruling by the court in Assen could result in billions of euros of claims against the venture, known as NAM. Hundreds of thousands of homes and buildings lie in the affected area, which covers wide parts of the northern Netherlands.
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