CASE STUDY - Shell Flashcards
How many barrels of oil does Shell produce per day?
3.7 million barrels!
Shell is a vertically integrated company - What does this mean?
They operate on all levels of the supply chain from extraction to refining to the end sale.
Give a fact to show TNCs as a tech leader
Shell = first company to purchase and use a computer in the Netherlands.
What was Shell’s reported profit in 2023?
$28.2bn
Down from 2022 total.
Give 2 positive impacts of Shell in Nigeria
Nigeria has control over energy sources due to TNC/Government joint ventures.
Source of employment - crucial in growing population.
Give 3 negative impacts of Shell in Nigeria
Lots of wealth leaked due to the ‘resource curse’.
Bunkering - oil theft.
TNC could choose to leave - threaten jobs and energy security!
What evidence suggests an unsustainable future?
Flaring - burning of gasses - environmental concerns.
oil spills destroy wetlands.
Negative impacts on human welfare? (2x)
tribal groups miss out on socio-economic benefits increasing social inequalities.
local farm land, water supplies, atmosphere polluted.
How much did Shell have to compensate the Ogoni people?
£55 million - environmental problems persist.
Why has violence erupted?
Locals + aggressive native groups unhappy with Shell’s environmental impacts + wealth over human welfare.
Pipelines broken, staff attacked…
Why have tensions of late decreased?
Government pardon on the MEND group (a network of militias attacking oil fields.)