The country’s largest labor group has expressed strong opposition to the planned sale of the government’s 40-percent stake in Petron Corp.
Trade Union Congress of the Philippines (TUCP) general secretary and former Sen. Ernesto Herrera said the government should keep the share instead of selling it.
“We see no absolute need for the government to sell out of Petron. The investment is generating income,” he said.
The Department of Finance (DOF) has announced plans to sell the government’s equity in Petron, held indirectly through the state-owned Philippine National Oil Co. (PNOC), as part of an effort to generate extra cash.
Herrera said the government should instead use its Petron stake to encourage the oil giant to invest in a big way in alternative energy sources.
“The cash dividends should be deliberately used to finance the development and production of renewable energy sources, primarily solar, wind, hydro, or even waste-based biomass (energy) projects.” “The government should make full use of its equity in Petron, toward lessening the country’s over-dependence on imported and costly crude oil,” Herrera added.
According to Herrera, the government can build community-based livelihood programs around biomass energy projects.
He said some said projects can involve the farmers themselves directly selling coconut husks and shells, or even rice hulls, for conversion into biomass gas for small power plants. — Mayen Jaymalin, Philippine Star
It’s women’s month!
“Support women every day of the year!”
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar to carry out the 2021 ILO Commission of Inquiry recommendations against serious violations of Forced Labour and Freedom of Association protocols.
Accept National Unity Government
(NUG) of Myanmar.
Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week
Women’s Week
Week 3: Philippine Industry and Made-in-the-Philippines
Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
Mar 4— Employee Appreciation Day
Mar 15 — World Consumer Rights Day
Mar 18 — Global Recycling Day
Mar 21 — International Day for the Elimination of Racial Discrimination
Mar 23 — International Day for the Right to the Truth concerning Gross Human Rights Violations and for the Dignity of Victims
Mar 25 — International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade
Mar 27 — Earth Hour
