Shell, Exxon Ordered to Pay Groningen Earthquake Compensation

Shell, Exxon Ordered to Pay Groningen Earthquake Compensation

Sep 2nd, 2015 

by John Donovan. 

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By MAARTEN VAN TARTWIJK: Sept. 2, 2015 

AMSTERDAM—A Dutch court ruled Wednesday that Royal Dutch ShellPLC and Exxon Mobil Corp must compensate homeowners for a drop in house prices caused by earthquakes linked to production at the Groningen gas field.

The ruling could open the door to a wave of compensation claims against the energy companies, which operate the field through a joint-venture called the Nederlandse Aardolie Maatschappij BV, or NAM.

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Shell, Exxon ordered to pay Groningen earthquake compensation

Sep 2 2015, 12:33 ET | By: Carl Surran, SA News Editor

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Posted in: Environment, Exxon Mobil, Gas, Groningen Earthquakes, Litigation, NAM,Netherlands, Royal Dutch Shell Plc.
Tagged: ExxonMobil · Gas · Groningen field · Litigation · Royal Dutch Shell Plc · Shell

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