Former head of the Environmental Protection Agency Dr Vince Adams has said that the Environmental Impact Assessment is the bible of any major developmental activity.
8:34 It identifies hazards 8:48 identified those hazards
There was an EIA on the pipeline bringing gas to shore. There was need to assess the cumulative impact of the plants when they go into operation.
He also examined the Power Sharing Agreement that has been put in place for the new oil blocks.
9:57 This new PSA is 10:30 unfair to the new investors
Dr Adams said that this new PSA is also a protection for ExxonMobil. There is also the issue of insurance. The PSA talks about sub-contractors. The government should not be concerned with subcontractors. Then there is the question of cost for losses and damages.
11:54 It says that costs 12:29 we are paying for it
He said that there is a lot wrong with what is being introduced into the oil contracts
From AFC presser—Mar 31
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