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Bahamas: BPC chief slams “half-baked” insurance policy allegations

NASSAU, BAHAMAS — Bahamas Petroleum Company (BPC) yesterday again fired back at what it called “a series of half-baked allegations” regarding its insurance policies for its drilling activities, noting that by April The Bahamas will know whether it is an oil-rich nation.

BPC CEO Simon Potter said in a statement yesterday: “International and local environmentalist groups had argued that BPC should not be a party to the judicial review action they have brought, a nonsensical position given that virtually all communications and documents issued by these groups refer directly and extensively to BPC.

“We’re therefore pleased that the court has ruled in favor of BPC by being added as a primary respondent. As a consequence of this ruling, BPC is now legally enabled to request that the applicants provide security for costs, and a hearing for this has been scheduled for February 17, 2021.

“Obviously, BPC would want the environmentalist groups to be held financially accountable if their application turns out to have been without merit.”

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