peter.christopher@guardian.co.tt
Senior Multimedia Reporter
Prime Minister Kamla Persad-Bissessar’s decision to decline an invitation to attend next week’s Energy Conference has drawn mixed reactions from former ministers and senators.
Former prime minister and energy minister, Stuart Young, said the stance taken by the Prime Minister was “hypocrisy at its best” as he said the Government would still have to negotiate with many of the Energy Chamber members concerning matters which would impact the energy sector.
“Kamla Persad-Bissessar is relying completely on the multinational oil and gas companies to negotiate and attempt to obtain cross-border gas, for example, Dragon. So whilst she tries to fool the population on one hand, the truth is she is totally reliant on them on the other.”
He added, “Furthermore, by leaving negotiations up to the same multinational oil and gas companies, this Government is selling Trinidad and Tobago short and guaranteeing that we get lower returns should they succeed.”
On Monday, the Prime Minister launched a scathing attack on the Energy Chamber of Trinidad and Tobago, accusing it of serving the interests of foreign multinationals and narrow special interests while undermining local contractors and State-owned energy companies.
However, former energy minister Carolyn Seepersad-Bachan agreed with the Prime Minister’s stance regarding state sponsorship of the event.
“I did stop the Ministry of Energy from funding the Energy Conference. In my humble view, the chamber is made up of many members. And they have membership fees...they derive income,” said Seepersad-Bachan, who was energy minister under Persad-Bissessar in the People’s Partnership government from May 2010 to June 2011.
“The Energy Chamber is deriving significant income from participation in these conferences. And they are also deriving significant income from all the display booths participating in the exhibition, from all the companies that would take exhibition booths. So, why is it that they need this kind of sponsorship (from the state)?”
She said that while she objected to the ministry’s sponsorship of the event, she explained she did not give any state entity any instruction concerning support of the event.
Seepersad-Bachan was also among several who raised concern about the Energy Chamber’s administration of Safe To Work (STOW) fees, which she and others said proved a barrier to entry for small local companies within the energy sector.
Speaking to Guardian Media before yesterday’s Senate sitting, Independent Senator Marlene Attzs said she had not seen the Prime Minister’s comments, but urged caution given the country’s economic reliance on the energy sector.
“We should temper the language so that we don’t inadvertently run investors, so to speak, because we still are, separate and apart from the conversations around Dragon, and we know that those conversations are in a flux, separate and apart from those conversations, we’re having other conversations around other fields in the energy sector, and we do need support from both local and international investors to help us realise some of those returns.”
Opposition Senator Faris Al-Rawi also queried the stance taken by the Prime Minister.
“Our economy, our standard of living, depends upon the oil and gas sector. The Energy Chamber includes the partners in the energy upstream and downstream, horizontal and vertical relationships. Who’s there? bp. Who’s there? Shell. Who’s there? The energy players in Trinidad and Tobago. How does Mrs Persad-Bissessar purport to celebrate Dragon and its OFAC licence when your partner is Shell? Cocuina – partner is Shell. Manakin – partner is Shell. Exxon in the ultra-deep. Is the ultra-deep in partnership with the Energy Chamber?” said Al-Rawi.
He said, “So saying to the Energy Chamber, including your international partners, that they are greedy and that they are otherwise, again asks me the same question as to whether this version of Mrs Persad-Bissessar is the version that Trinidad and Tobago really deserves or even wants. They are dangerous statements at a time when investor participation and confidence with who you have here, forget foreign investment coming from elsewhere, Shell is the largest player alongside bp, and they are members that participate in the Energy Chamber.”
Al-Rawi also said it was an interesting stance to take with Finance Minister Dave Tancoo, currently abroad negotiating a $1 billion bond for the country.
