The company´s 2020 net profit fell by 39 % as a result of the provision.
Last year, an aging reservoir at one of the NorNickel’s facilities collapsed and leaked 21,000 tonnes of diesel in the surrounding area, most of which seeped into the soil and nearby rivers for several days before local authorities responded to the accident.
Investigators believe the tank near Norilsk sank because of melting permafrost which weakened its supports.
The accident in Norilsk is the 2nd largest fuel spill in Russia’s history, after the 94 000 ton oil spill that took place in the country’s northern Komi Republic in 1994.
According to official data, the oil spill in Norilsk is the largest ever in the polar Arctic.
- I ask you to ensure that this (payment) is used primarily to improve the environmental situation in (the Arctic city of) Norilsk itself and the surrounding region in the medium and long term
- We can note with satisfaction that the company is fulfilling its obligations
- We hope it will continue to do so
One of the worst oil disasters in US history – the 1989 Exxon Valdez oil spill off Alaska, which cost Exxon Mobil more than $5 billion in punitive damages.