Guardian Media publishes erroneous article on Petrotrin Refinery sale

Port of Spain: The Minister of Finance, Honourable Colm Imbert M.P. is forced to yet again correct a media inaccuracy from the Trinidad Guardian.

In today’s (19th February, 2021) article entitled “Cabinet rejects Patriotic’s offer again”, senior, veteran journalist Gail Alexander misquotes the Minister in her article when she wrote, “In each of the two instances Government was required to finance options in the sum of US$5 billion in the first option and US$6 billion in the second.”

The Minister was careful to say that the proposal by Patriotic would cost the Government TT$5 billion for Option 1 and TT$6 billion for Option 2, and NOT US$5 billion or US$6 billion.

Further, the Minister carefully stated the relevant US dollar figures first (e.g. US$750 million) and then converted these figures into TT dollars.

The Minister remains nonplussed that a live press conference with recordings available for replay could be so grossly misquoted. Media needs to continue to strive for excellence and accuracy in reporting.

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