Several private sector organizations raised the need for the Philippines to balance energy security, affordability, and climate change concerns to drive its economic progress. In a joint statement on Tuesday, Aug. 13, the groups emphasized that the country ranks third lowest in energy supply...
The Philippine Chamber of Commerce and Industries (PCCI) has voiced its support for Energy Secretary Mr. Raphael P.M. Lotilla amid the recent graft complaint filed against him by certain progressive groups. In a statement on Monday, Aug. 5, the business group dismissed the graft charges...
The coal moratorium enforced in 2020 which sculpted the entry of more renewable energy (RE) investments remains as a non-negotiable policy stance to former Energy Secretary Alfonso G. Cusi if he will have his way, because that had drawn the line in the sand for the country’s greener future. In a...
The Philippines is eyeing to firm up collaboration and prospective private sector partnerships with the United States for targeted deployment of next-generation geothermal technologies in the country. According to Energy Secretary Raphael P. M. Lotilla, the Philippines will “identify advances...
In an effort to mitigate the current oil prices, President Marcos wants to reduce the trigger period for fuel subsidy from three months to one month, the Department of Energy (DOE) said. In a statement, Energy Secretary Raphael P.M. Lotilla said that Malacañang wants to change the language of the...
Senator Manny Pacquiao said the filing of libel or cyber libel charges should not discourage journalists in exposing wrongdoings in government, adding that the media is a necessary part of ensuring that honesty, efficiency and integrity will prevail in public service. Senator Manny Pacquiao with...
To pare the country’s carbon emissions without compromising energy security, the Department of Energy (DOE) is examining the feasibility of "mangrove sequestration" so carbon emissions of coal plants can be offset or managed. Energy Secretary Alfonso G. Cusi noted that while the department gives...
The Department of Finance (DOF) has advised caution in suspending excise tax on petroleum as it will incur substantial revenue losses for the government and may affect the budget for coronavirus recovery measures. In a memorandum submitted to Finance Secretary Carlos G. Dominguez III, Finance...
A Chinese firm has already dropped out of the Malaya thermal power facility negotiated sale, but four others are still in the running, giving hopes to state-run Power Sector Assets and Liabilities Management Corporation (PSALM) that its long-wished for privatization of the 650-megawatt facility...
Filipino consumers will need to brace for increase in diesel prices next week that may range from P0.35 to P0.45 per liter; while kerosene prices may go up from P0.20 to P0.30 per liter. (MARK BALMORES / MANILA BULLETIN FILE PHOTO) For gasoline products, based on the initial calculation of the oil...
Diversifying conglomerate San Miguel Corporation indicated that it is still weighing in if it will pursue its intent to join the bidding for the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in the multi-billion Malampaya deep-water-gas to power project. SMC President and COO Ramon...
Government policymakers are being urged to save Petron refinery from its shutdown plan, because it is the only remaining strategic asset that could ensure the country’s energy security goals. Photo credit: https://www.petron.com/ Senate Committee on Energy Chairman Sherwin T. Gatchalian advanced...
