Sears concedes BPL hedge trade requests were rejected

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Prime Minister and Minister of Finance Philip “Brave” Davis told Parliament last month that he never received any briefing or saw any papers on the need to execute fuel hedging trades for Bahamas Power and Light (BPL) to lock in oil prices last fall.

But Minister of Works Alfred Sears said in the House of Assembly on Wednesday that a Cabinet paper to this effect was addressed to the minister of finance, and the Ministry of Finance decided to reject the recommendation after reviewing it.








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