ON THE HEEL of accusations that the oil companies have conspired to overprice liquid fuel in the country, the Department of Energy under Secretary Jose Rene Almendras formed the independent review committee (IRC) tasked to review the books of oil companies doing business here.
The members of the committee are sector nominees that their colleagues in their respective industries put forward to DOE on the basis of their "credibility, competence, integrity, commitment, and leadership."
Nominees for the IRC include Raul Concepcion (Consumer and Oil Price Watch), former economic planning secretary Solita Monsod, former budget secretary Benjamin Diokno, professor Rene Azurin (University of the Philippines), economist Vic Abola (University of Asia and the Pacific), accountant Tammy Lipana, and partylist representative Vigor Mendoza.
The nominees first met on 26 January 2012 in order to discuss how IRC will review the books of the aforesaid oil firms.
Source
Elgin Ros: "Committee tasked to audit oil firms' books meets on Monday," InterAksyon 26 January 2012 [Read]
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