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The Prime Minister yesterday suggested The Bahamas’ efforts to extract value from carbon credits will “supplant” oil exploration and extraction as a potential future multi-million dollar revenue source.
nhartnell@tribunemedia.net Oil exploration opponents yesterday sought the Supreme Court's approval to add the Town Planning Committee as a "fourth respondent" in their challenge to Bahamas Petroleum Company's (BPC) drilling. Waterkeepers Bahamas and the Coalition to Protect Clifton Bay, in moving to amend their initial Judicial Review action, argued that the planning regulator should be added because it has failed to order BPC to cease it activities in waters 90 miles west of Andros given the seeming absence of site plan approval. Joe Darville, a director of both environmental groups, alleged...
* Gov't official says no new drill ship approval needed * Brands case 'misconceived' and backs consultation By NEIL HARTNELL nhartnell@tribunemedia.net Oil exploration opponents are arguing Bahamas Petroleum Company's (BPC) assertion that a mid-drilling halt will cause "unnecessary safety" risks is contradicted by its own environmental studies. Environmental activists have seized on the "emergency response" section of BPC's Environmental Impact Assessment (EIA), which says drilling can be halted within one to three days should a hurricane threaten, to challenge the company's assertion that a ...
nhartnell@tribunemedia.net Bahamas Petroleum Company's (BPC) chief executive is alleging it will incur extra costs of up to $400,000 per day if activists succeed in persuading the Supreme Court to halt its exploratory oil drilling. Simon Potter, in a December 11, 2020, affidavit filed with the Supreme Court, said this would be incurred if the Stena IceMAX was forced to suspend drilling operations and sit in a "holding pattern" above the Perseverance One well in waters some 90 miles to the west of Andros. "The cost of simply extending the Stena agreement and holding the vessel in readiness is ...
* Trust chief: 'Crumbs' no offset to 'incredible risk' * Backs AG's pledge to obtain better BPC deal * Activist: How deal unbreakable if we renegotiate? By NEIL HARTNELL nhartnell@tribunemedia.net The Bahamian people must get more than the "peanuts and crumbs" if the Government ultimately decides to approve commercial oil exploration, the National Trust's top executive urged yesterday. Eric Carey, the Bahamas National Trust's (BNT) executive director, told Tribune Business he backed the attorney general's pledge to secure "the best deal possible" on the public's behalf given the "incred...