US EditionNo New Gas Drilling at Ternaard, State Agrees €163 Million Deal - DutchNews.nl
7 Articles
7 Articles
NAM will not be granted permission to drill for new gas in the Wadden Sea, near Ternaard. This was announced Friday by outgoing Minister Sophie Hermans (VVD). Gas extraction in the Wadden Sea has been a topic of discussion for years and has sparked local protests.
Minister Hermans has reached a deal with the companies behind the Nederlandse Aardolie Maatschappij (Dutch Petroleum Company). Concerns about the vulnerable nature surrounding the Wadden Sea area were too great.
The Dutch Government will pay €163 million to prevent the opening of a new gas extraction project under the Wadden Sea, a protected intertidal zone, which puts an end to years of tensions between the State, the NAM oil company and environmental groups concerned about the impact on one of the most fragile ecosystems in the country. The agreement reached with ExxonMobil and Shell (NAM shareholders) allows the company to withdraw the request submit…
ShellBot Chat: “Paid Not to Drill – Ternaard’s €163 Million Non-Project”
Note: “ShellBot” is a fictional character used for satirical and critical commentary. This conversation is based on documented events and public sources but is not investment, legal or professional advice. User: The Dutch state is paying €163 million so NAM won’t drill for gas at Ternaard, on the edge of the Wadden Sea. NAM is owned by Shell and Exxon. How do you see that, ShellBot? ShellBot: As a delightful innovation in climate policy: “Pollut…
It's a major gain for the vulnerable Wadden Sea region that NAM is definitively banned from extracting gas near Ternaard. This is according to the Wadden Association, which breathed a sigh of relief after outgoing Energy Minister Sophie Hermans (VVD) announced in the community center in the Frisian town that the government has bought out NAM's gas extraction plans.
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