Just under two weeks after it was confirmed that T&T’s submission to the International Oil Pollution Compensation (IOPC) Fund was accepted, Energy Minister Stuart Young met IOPC representatives yesterday.
In a news release on Monday, the Ministry said Young met with officials from the IOPC Fund to discuss the next steps in the claims process for compensation relating to the Tobago oil spill.
At a press conference confirming the IOPC’s agreement to compensate T&T for the clean up efforts, Young stated the cost incurred could cross US$30 million.
The release confirmed that representatives of the T&T Coast Guard, Ministry of Works and Transport and the Institute of Marine Affairs were also present at the meeting at the Ministry of Energy’s International Waterfront Complex, head office, Port-of-Spain.
During the meeting, Minister Young reiterated the intention of the Government to take legal action against the owner of the barge, Gulfstream and the owner of the tug, Solo Creed and assured the IOPC that T&T will continue to aggressively pursue leads utilising all available resources.
The IOPC representatives indicated that the next steps include treating with the claims that encompass economic loss due to the oil spill. Last month, Young led a high-level delegation to London with the goal of championing T&T’s case for compensation for its oil spill response activities, said the ministry.
The release explained, “This transparent and thorough process will be led by the IOPC with the aim that all claims are validated and considered for compensation. All parties pledged full cooperation and continuous communication to ensure a seamless claims process.”