$1bn Lawsuit

Shell could be facing a $1bn damages bill after it admitted overestimating oil reserves, according to a US lawyer.

Robert Schulman, who is launching a legal action on behalf of Shell investors, has told the BBC he thinks they have a “very good case”.

The oil giant admitted earlier this month that it had overstated its proven reserves by 20%.

Tags: , ,

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *