The deal with ConocoPhillips comes with oil prices high, Permian production strong and Shell under pressure to move faster to cut carbon emissions.
Executives from Exxon, Shell, BP and others are being called to testify in Congress next month after a secret recording this year exposed an Exxon official boasting of such efforts.
“I need to help my women to stand,” says Martha Agbani, who helped a group of women from the Niger Delta build a flourishing mangrove nursery.
Royal Dutch Shell, though still reliant on profits from fossil fuels, is investing more in renewable energy. Critics say the changes have to come quicker.
A surprising mix of environmentalists, pension fund managers and big money investors have scored startling victories against oil and coal, opening new battle fronts in the climate fight.
A company spokesman called the decision “disappointing” and said Shell expected to appeal, but the ruling could add pressure on the energy industry to accelerate its move away from fossil fuels.
An appeals court said that a small group of farmers in the Niger Delta region whose livelihoods were affected by oil spills in 2006 and 2007 should receive payouts.
The small South American country has become a hot prospect for oil companies looking to produce fossil fuels while spending less.
The fuel could play an important role in fighting climate change, but it has been slow to gain traction because of high costs.
Under pressure from governments and investors, industry leaders like BP and Shell are accelerating their production of cleaner energy.