Prime Minister and Minister of Finance Philip Davis has told the House of Assembly that he had no knowledge of any requests that fuel hedge trades be executed for Bahamas Power and Light (BPL) to lock in oil prices last fall. Minister of Works Alfred Sears has told Parliament that the minister of finance knew
Prime Minister and Minister of Finance Philip “Brave” Davis told Parliament last month that he never received any briefing or saw any papers on the need to execute fuel hedging trades for Bahamas Power and Light (BPL) to lock in oil prices last fall, but Minister of Works Alfred Sears said in the House of
An October 18, 2021 letter written to Minister of Works Alfred Sears by the then-CEO of Bahamas Power and Light (BPL) Whitney Heastie provides comprehensive details of the company’s fuel hedge program, designed to lock in global oil prices at the lowest possible rates and stabilize the fuel charge to consumers. Amid uproar in the