LNG Bonanza – blessing or bane?

O’Neill and PNC dupe the people of Papua New Guinea by giving away for free equity that taxpayers have paid for. Unlike shares in BCL and OTML that O’Neill gifted to landowners the LNG equity takes directly from the rest of the country. BCL equity came from Rio Tinto. Ok Tedi shares were stolen from PNGSDP and indirectly the people of Western Province and then only 33% was returned to landowners whilst 30.4% was retained for the government.