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BPC applauds PM's plan for sovereign wealth fund - The Nassau Guardian

BPC applauds PM’s plan for sovereign wealth fund
Simon Potter.
The Bahamas Petroleum Company (BPC), which began drilling an exploratory oil well in Bahamian waters last month, on Saturday praised a recent announcement by Prime Minister Dr. Hubert Minnis that his government will fast track the implementation of a sovereign wealth fund.
BPC said it was “delighted” to note Minnis’ statement of his government’s intention to implement a sovereign wealth fund “in line with similar funds maintained by countries, so to enable accumulation of wealth for the national benefit from natural resources”.
BPC CEO Simon Potter said: “The many natural resources in The Bahamas, including its potential oil resource, have the capacity to add an entirely new income stream to the government of The Bahamas, thereby diversifying the economy and significantly broadening the government’s revenue base. ....

Trinidad And Tobago , Simon Potter , Carl Bethel , Hubert Minnis , Justice Petra Hanna Adderley , Economic Recovery Committee , Bahamas Petroleum Company , Prime Minister , Prime Minister Minni , Bahamas Business Outlook , Economic Recovery , General Carl Bethel , Commonwealth Secretariat , டிரினிடாட் மற்றும் டொபாகோ , சிமோன் பாடர் , கார்ல் பெத்தேல் , நீதி பெட்ரா ஹன்னா , பொருளாதார மீட்பு குழு , பஹாமாஸ் பெட்ரோலியம் நிறுவனம் , ப்ரைம் அமைச்சர் , ப்ரைம் அமைச்சர் மின்னி , பஹாமாஸ் வணிக ஔட்‌லுக் , பொருளாதார மீட்பு , ஜநரல் கார்ல் பெத்தேல் , காமன்வெல்த் செயலகம் ,

Oil drilling called 'golden opportunity' for Bahamas

Oil drilling called ‘golden opportunity’ for Bahamas
Stena Drilling’s Stena IceMAX drillship.
A shareholder in Bahamas Petroleum Company (BPC) yesterday expressed concern over the pushback to oil drilling in Bahamian waters calling current court proceedings “misconceived” and saying the case could discourage potential foreign investors from considering The Bahamas.
Tudor Lomas, a citizen of the UK, currently residing in Amsterdam, said after following court proceedings and the arguments presented by environmentalists, he’s worried that if oil is indeed found in Bahamian waters, Bahamians would push against it, “missing out on a golden opportunity”.
“Reputable international business comes to countries that respect the rule of law,” he said. ....

Western Australia , United Kingdom , Noord Holland , Tudor Lomas , Hubert Minnis , Adelle Thomas , Lisa Benjamin , Justice Petra Hanna Adderley , Supreme Court , Coalition To Save Clifton Bay , Waterkeeper Bahamas Ltd , Bahamas Petroleum Company , Save Clifton Bay , Casuarina Mckinney Lambert , மேற்கு ஆஸ்திரேலியா , ஒன்றுபட்டது கிஂக்டம் , நூற்த் ஹாலண்ட் , டியூடர் லோமாக்கள் , லிசா பெஞ்சமின் , நீதி பெட்ரா ஹன்னா , உச்ச நீதிமன்றம் , கூட்டணி க்கு சேமி கிளிப்டன் வளைகுடா , நீர் காப்பாளர் பஹாமாஸ் லிமிடெட் , பஹாமாஸ் பெட்ரோலியம் நிறுவனம் , சேமி கிளிப்டன் வளைகுடா , காசுஅறின மகிநீ ல்யாம்‌பர்ட் ,

Ruling on oil drilling expected 'ASAP' - The Nassau Guardian

Ruling on oil drilling expected ‘ASAP’
Stena Drilling’s Stena IceMAX drillship.
After hearing both sides on the matter involving whether Bahamas Petroleum Company (BPC) should be allowed to proceed with its exploratory oil drilling yesterday, a Supreme Court justice is set to deliver a ruling “as soon as possible.”
Justice Petra Hanna-Adderley heard from the lead attorneys representing Waterkeeper Bahamas Ltd and Coalition to Save Clifton Bay, the government as well as BPC yesterday and adjourned the matter until 5 p.m. today.
Fred Smith, QC, who represents the environmental groups, in his argument contended that the issue at hand is whether the exploratory oil drilling exercise now underway by BPC was lawful and whether the process of licenses being granted by government included all of the steps required by law, including the issuance of permits as well as proper consultation. ....

United Kingdom , Simon Potter , Hubert Minnis , Clare Montgomery , Justice Petra Hanna Adderley , Aidan Casey , Fred Smith , Bahamas Offshore Petroleum Limited To , Town Planning Committee , Environmental Health Services , Bahamas Petroleum Company , Supreme Court , Coalition To Protect Clifton Bay , Coalition To Save Clifton Bay , Waterkeeper Bahamas Ltd , Petra Hanna Adderley , Save Clifton Bay , Subdivision Act , Environmental Health Services Act , Archipelagic Waters Act , Physical Landscape Act , Prime Minister , Protect Clifton Bay , Bahamas Offshore Petroleum Limited , ஒன்றுபட்டது கிஂக்டம் , சிமோன் பாடர் ,

Sides differ on oil hearing

[email protected]
An oil explorer and its opponents have given sharply different versions of the Christmas Eve legal battle that set up today’s hearing on the Judicial Review challenge to halt its exploratory drilling.
Fred Smith QC, the Callender’s & Co attorney and partner, yesterday argued that Bahamas Petroleum Company’s (BPC) description of the December 24, 2020, hearing before Justice Petra Hanna-Adderley was “deceptive and misleading” because his clients’ case was not rejected by the judge.
BPC, in two statements on the court hearings issued over the Christmas holidays, asserted that Justice Hanna-Adderley refused to give their environmental activist opponents permission to proceed with an action that aims to halt their activities in Bahamian waters. ....

City Of , United Kingdom , Justice Hanna Adderley , Justice Petra Hanna Adderley , Justice Petra Hanna Weekes , Stena Ice , Callender Co , Supreme Court , Thompson Company , Bahamas Petroleum Company , Christmas Eve , Judicial Review , Alternative Investment Market , Waterkeepers Bahamas , Protect Clifton Bay , Environmental Authorisation , Clare Montgomery , Caiden Casey , Subdivision Act , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , நீதி ஹன்னா , நீதி பெட்ரா ஹன்னா , நீதி பெட்ரா ஹன்னா வீக்ஸ் , ஸ்டீந பனி , அழைப்பாளர் இணை ,

Court decision over stay on oil drilling to come on Saturday

[email protected]
ENVIRONMENTALISTS will learn on Saturday whether Justice Petra Hanna-Adderley will grant their application for a stay of Bahamas Petroleum Company’s exploratory oil well drilling.
However, with that drilling already started last Sunday, one of BPC’s attorneys Clare Montgomery, QC, contended that it is virtually impossible to halt it.
Attorneys for all sides were in the Supreme Court Friday for a hearing on an application for judicial review of the government’s decision making process regarding the approvals for BPC to drill for oil in Bahamian waters.
Justice Hanna-Adderley did not make a decision on that judicial review application nor did she decide on on the stay of drilling. ....

Justice Hanna Adderley , Clare Montgomery , Justice Petra Hanna Adderley , Justice Hanna Adderly , Fred Smith , Supreme Court , Waterkeeper Bahamas , Supreme Court Justice Petra Hanna Adderley , Supreme Court Rule , Bahamas Petroleum Company , Supreme Court Friday , Waterkeeper Bahamas Limited , Protect Clifton Bay , நீதி ஹன்னா , தெளிவு மாஂட்கம்ரீ , நீதி பெட்ரா ஹன்னா , ஃப்ரெட் ஸ்மித் , உச்ச நீதிமன்றம் , நீர் காப்பாளர் பஹாமாஸ் , உச்ச நீதிமன்றம் நீதி பெட்ரா ஹன்னா , உச்ச நீதிமன்றம் ஆட்சி , பஹாமாஸ் பெட்ரோலியம் நிறுவனம் , உச்ச நீதிமன்றம் வெள்ளி , நீர் காப்பாளர் பஹாமாஸ் வரையறுக்கப்பட்டவை , ப்ரொடெக்ட் கிளிப்டன் வளைகுடா ,