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
World Day for Safety and Health at Work
“Safety and health at work every day!”
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:
March – Women’s Role in History Month
April – Month of Planet Earth
Weekly Observances:
Last Week of March: Protection and Gender Fair Treatment of the Girl Child Week
Last Week of April – World Immunization Week
Daily Observances:
Mar 25 – International Day of Remembrance of the Victims of Slavery and the Transallantic Slave Trade
Mar 27– Earth Hour
Apr 21 – Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health at Work
