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I don't see the Govt liable to BPC (or its shareholders) unless they have somehow misled all of us. To me, that is most unlikely. BPc and the Govt have worked well together to deliver the Govt's legal obligations to enable BPC to drill under its licence. The present Govt may have been reticent about public commitment to BPC because of some powerful Green opponents but both parties know that the economic benefits of a gusher will transform the economy.
Tonsan, thank you for the clarification on the legal procedure. That makes sense and would explain why the QC and activists have asked BPC to unilaterally halt the drill. On the point of any costs and damages, would it not be the Bahamas Govt who are on the hook for these, if we assume for the purposes of this debate, that they’ve made an oversight in incorrectly granting BPC the licence to drill? TIA
Tonsan - thanks for the clarifications.
Smalltrader - refer to Tosan’s brilliant post on the topic.
This link has details about the legal challenge -
https://thenassauguardian.com/coalition-threatens-legal-action-to-stop-bpc-drilling/
"Our Islands, Our Future intends to apply for an injunction if BPC’s drill ship leaves its current port in the Canary Islands to sail to its well location in The Bahamas."
“BPC has now officially been warned that its environmental approvals are being challenged and the company should not insist on launching the IceMAX drillship or taking any other steps towards drilling in defiance of the judicial review process.”
So they want to apply for an injunction if drill ship leaves? Court will need to hear the story from BPC/BG before granting injunction. We need to see if BPC will still ask Icemax to depart on Thursday. BPC could throw CPR RNS in between to keep the momentum going with share price. I really hate these bloody activists throwing spanner in the works at this time.
Tonsan , fully agree. There is no requirement for BPC to respond or comment on an action in which they are not a party. I doubt they will even respond to the invitation to delay drilling, they will simply carry on, IceMax will sail on Thursday and the next RNS will be the CPR.
https://www.greenpeace.org.uk/news/boris-johnson-surprise-visit-toy-cars-petrol-diesel-2030/
These folks never grew up and yes looking forward to remote controlled toys showing up at the court doors.
There seems to be considerable confusion about the legal position. the Judicial Review is an action against the government. Because that action will take some considerable time, the activists must get a separate injunction against BPC to prevent the drill pending the outcome of the Judicial Review - otherwise the drilling would be complete before the Judicial Review is concluded, not least if it goes to an appeal, once if not twice. To get the injunction against BPC, the activists have to show merit, lack of delay and hopefully you and almost certainly put up a sum of money against damages that BPC will suffer if drilling has to be postponed. Those damages will be put together by the BPC legal team and can be expected to be into the billions. Costs is a different matter. They are the legal expenses incurred in resisting any injunction. BPC were given 14 days to volunteer not to drill and I expect that they will not say anything in the meantime as to their intentions.