Public Hearing Day 2- Spaces for Change

  • PHICB
    • Obligations to establish trust should not be by the oil companies
    • What happens when there is more than one company operating in a host community?
    • The obligation to establish the trusts should be placed on the community
    • NPRC should have the power to determine which communities fall within their areas of operations
    • Consider including local government authorities
    • Oil companies should not appoint the board of trustees
    • Bill is silent on the composition of the board of trustees
    • Increase contributions to 5%
    • Contributions should not be deductible
    • Disbursement procedures to be clarified
    • No reference to environmental protection

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