President Ferdinand Marcos, Jr on Monday bared the finding of the reservoir that could boost the country’s energy supply, but environmentalists warn that it skipped cost-benefit analysis that may cause irreversible ecological damage.
He cited ministerial bureaucracy and the pace of government processes behind his decision, saying he is most comfortable contributing to projects on the ground.
Plantation and commodities minister Noraini Ahmad said an official used cooking oil (UCO) benchmark will improve market transparency, guide fair trading, and support a more sustainable palm oil market.