Breaking News | PIB: 2 5 percent equity, recipe for renewed militancy, HOSTCOM warns FG thestreetjournal.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreetjournal.org Daily Mail and Mail on Sunday newspapers.
PIB: 2.5 percent equity, recipe for renewed militancy, HOSTCOM warns FG
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By Omeiza Ajayi
Host Communities Producing Oil and Gas HOSTCOM have again kicked against the 2.5 percent equity shareholding recommended for oil impacted communities in the Petroleum Industry Bill PIB, insisting that anything short of their initial demand for 10 percent would be stoutly rejected and could be a recipe for renewed militancy in the Niger Delta.
National President of HOSTCOM, High Chief (Dr) Benjamin Style Tamanarebi who disclosed this in a statement Sunday in Abuja said indications point to the fact that the federal government is not interested in the passage of the bill because of lack of sincerity.
Oil-producing host communities warn NASS over disturbing grey areas of PIB tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.
[FILES] A gas flare burns at the Batan flow station operated by Chevron under a joint-venture arrangement with the Nigerian National Petroleum Corporation (NNPC) for the onshore and offshore assets in the Niger Delta region . / AFP PHOTO / PIUS UTOMI EKPEI
HOST Communities Producing Oil and Gas in Nigeria (HOSTCOM) has tasked international oil companies (IOCs) to make specific commitment to end gas flaring in the country.
It drew attention to the impacts of gas flaring on the environment, ecosystem, climate change, agriculture, cultural heritage, livelihoods and health of oil and gas producing states and communities of the Niger Delta.
National President of HOSTCOM, Chief Benjamin Style Tamanarebi, highlighted the consequences of gas flaring at the House of Representatives ad-hoc Committee hearing on ending gas flares.