The Philippines’ 9th richest person has yet to confirm or deny a Rappler report that one of the conglomerate’s subsidiaries chartered MT Princess Empress. Read more in this Opinion piece. ThoughtLeaders
On Thursday, March 16, diversified conglomerate San Miguel Corporation will hold its combined analysts’ briefing with its other listed companies – Petron Corporation, San Miguel Food and Beverage Incorporated, and Ginebra San Miguel Incorporated.
Thursday would also be a perfect time for SMC President and Chief Operating Officer Ramon Ang to speak up on the, which is already damaging the marine environment and ruining the livelihood of over 30,000 families or more than 140,000 individuals in Mindoro, Palawan, and Western Visayas. Rappler reached out to the conglomerate by email several times but it has not responded to our question if SL Harbor Bulk Terminal Corp. was indeed the charterer. San Miguel’s fuel and oil firm, Petron Corp., has said it does not own the industrial fuel oil MT Princess Empress was carrying, and that it no longer produces this toxic oil.
Under the Oil Compensation Act of 2007, the charterer is not liable for pollution damage, so the law is actually on the side of San Miguel.But as the Philippines’ largest diversified conglomerate that trumpets corporate social responsibility, Mr. Ang can mobilize resources to help in the cleanup in a big way.
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