Sunday, April 14, 2024

Country’s innocence ‘tested by oil giants’

Date:

Share post:

BARBADOS HAS MADE a number of important amendments to its Offshore Petroleum Act to facilitate the search for oil in its exclusive economic zone while at the same time protecting the island’s financial and environmental interests.

Government has awarded three bid blocks for offshore oil exploration, two of which it has agreed to give BHP Billiton of Australia and one to Spanish energy giant Repsol.

The legislative changes the administration was seeking approval from the House of Assembly included an extension of the period for the oil companies to produce comprehensive Environmental Impact Assessment Studies (EIAS).

Prime Minister Freundel Stuart, who led debate on the amendment, said it was agreed that the 90 days in the legislation was too short and this has been extended to nine months for the EIAS to be completed. (GE)

Please read the full story in today’s MIDWEEK NATION, or in the eNATION edition.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Fogging Schedule: April 15 to 19

A number of communities in St Michael and Christ Church will be fogged by the Ministry of Health...

Former Surinamese president Bouterse ineligible to enter United States

The United States on Friday imposed sanctions on former Surinamese President Desiré Delano Bouterse and six former Surinamese...

Gunners failed to fire against Villa

Aston Villa produced an outstanding performance to stun Arsenal at Emirates Stadium and leave Manchester City in pole...

Liverpool’s title hopes hit by loss to Palace

Andy Robertson insisted Liverpool will "keep fighting" despite their Premier League title hopes suffering a huge blow as...