Parliament issues caution to BoG on decommissioning fund investments
…amid concerns over risky instruments By Eugene Davis Parliament has asked the central bank – trustee of the proposed decommissioning fund to desist from investing in highly risky instruments. The decommissioning fund is to cover the decommissioning obligations of the contractor parties in the Jubilee Field and to ensure that contractor parties provide adequate security towards their liability to contribute to decommissioning costs. The Mines and Energy Committee before the approval of the report of the decommissioning fund, observed that the trust deed has appointed the BoG as the trustee of the decommissioning fund. The decommissioning committee will determine the...
