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Is 17.5B TTD a Planned Leakage?

Is 17.5B TTD a Planned Leakage?

Despite persistent warnings by our Auditor General and several independent international agencies, the extractive industry hemorrhage of the public purse continues with Cabinet’s blessings. In two single years, Trinidad and Tobago lost $17.5Billion TTD in Royalties 2010 and 2018 in “price transfers” according to the reputable Economic Commission for Latin America and the Caribbean (ECLAC). Subsidiary companies were caught selling […]

Energy Sector- Honest or Dishonest?

Energy Sector- Honest or Dishonest?

Date: October 26th, 2019 Dear Editor/Newsroom, FFOS have served on the Trinidad and Tobago Extractive Industries Transparency initiative steering committee for almost a decade. This week the Amcham CEO is quoted as stating that Energy companies in Trinidad and Tobago are honest. This is far from the truth! On the contrary, it has been a long dishonest road for the […]

Energy Instability

Energy Instability

The extractive sector is the foundation of our unstable economy and requires the best minds, the greatest transparency and the most thorough accountability.
Our government needs to be reminded that ALL extractive resources belong to ALL of the people of Trinidad and Tobago.

Another unreported oil spill at Petrotrin

Another unreported oil spill at Petrotrin

Dear Editor/ Newsroom, Since 19th July 2018, there has been an oil spill at Petrotrin’s Point-a-Pierre Oil Refinery nearby the foreshore area. It is believed Tank 114 has erupted spilling oil, which remains (up to today) contaminating Petrotrin’s Tank Farm. According to the Tank Integrity Assessment for Petrotrin, 2003 Report, Tank 114 which was constructed in 1960, has a capacity […]