The impending closure of Petrotrin has virtually captured the major part of our national debate in a swift and serious way. Many commentators seem to have taken strong stances in which their loyalties are displayed and there is a distinct lack of the basic facts.
This is no essay on the oil & gas aspects of the Petrotrin closure as those are areas outside my understanding. In this article, I will examine three of the most serious governance issues now emerging as this seemingly-unstoppable process rolls onward.
The issues I will be delving into are:
- the information asymmetry on display here;
- the enhanced offer to workers and finally,
- the issues arising in relation to Petrotrin’s huge land-holdings.