The DOE will review the implications of a Supreme Court ruling invalidating a 2005 tripartite agreement signed by the government with China and Vietnam on joint exploration in the West Philippine Sea. | MegINQ /PDI
“Seismic work” refers to the collection and processing of 2D and/or 3D seismic lines in the agreement area.According to the high court, the agreement signed in March 2005 violated Section 2, Article 12 of the 1987 Constitution for “allowing wholly owned foreign corporations to participate in the exploration of the country’s natural resources without observing the safeguards” provided under the law.
Lotilla said the DOE had yet to meet with different agencies to discuss the implications of the court ruling, considering that the Department of Justice last year allowed full foreign ownership of renewable energy projects in the country. “We are a vastly under-explored country in terms of gas and oil, and so every effort to explore the potential [of these resources] is there,” he said.When asked whether the court ruling could affect the DOJ’s opinion, the DOE said that renewable energy resources were not covered by Section 2, Article 12 of the Constitution.
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