FINANCIAL TIMES: Ground water lawsuits warning: “Royal Dutch/Shell warned that US lawsuits linked to alleged contamination of ground water could have a "significant impact" on future results if successful.” (ShellNews.net) 2 April 05

By James Boxell

Published: April 2 2005

Royal Dutch/Shell warned that US lawsuits linked to alleged contamination of ground water could have a "significant impact" on future results if successful.

Shell is being sued, along with more than 60 other defendants, including rival oil companies, for a combined $4bn (£2.1bn). Unidentified water companies and "governmental entities" claim they caused groundwater contamination by releasing gasoline that contained oxygenate additives. Shell said yesterday it was obliged to reveal the possible impact of any loss in filings with US regulators, but did not believe any material loss was likely.

James Boxell

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