Fair Trading Commission (FTC) to Fight SOL High Court Filing Against the BNTCL Acquisition
In the interest of fair play BU shares an interesting interview hosted by Jeremy Stephen with SOL principal Ezra Prescod. The purpose of the interview is meant to give balance to other interviews carried by Jeremy Stephen in the past with the RUBIS principal. Local economist Jeremy regularly post to the Facebook medium to share concerns with his followers. The interview in our non technical view was a little contrived but welcomed nevertheless to support demystifying the contentious issue of the BNTCL sale by government to SOL and the subsequent challenge by RUBIS.
This transaction is obviously driven by government’s thirst for forex, one wonders if the government retains control of BNOC i.e. importations of fossil fuel, why not retain control of the distribution which is an easy earning opportunity based on applying a markup on the distribution of product. Why does SOL want to buy BNTCL if the government is committed to a green economy sometime in the near future and if realized will reduce throughput to BNTCL and therefore revenues?
Hopefully members of the BU intelligentsia will probe this matter in areas Jeremy failed to tread.