NASSAU, BAHAMAS — The Bahamas National Trust (BNT) said it has “very serious concerns” over oil drilling in The Bahamas, arguing that the economic gains are “short term”.
In a statement, the BNT noted Minister of Environment and Housing Romauld Ferreira recently indicated that the government has issued all necessary environmental clearances for Bahamas Petroleum Company (BPC) to drill its exploratory oil well and the Office of the Attorney General has advised that government is obligated to allow the drilling to proceed.
BPC is expected to drill its exploratory well prior to Christmas.
“While the BNT understands that complex negotiations may have resulted in the government being legally bound to honor this commitment, the organization has very serious concerns about The Bahamas allowing the exploration for possible exploitation of fossil fuels,” the BNT said.
“The Bahamas is known to be one of the most vulnerable nations on the planet to the impending impacts of climate change.