Duterte Environment Chief Decries Mining’s ‘Pathetic’ Record
- Philippine mining shares slump after Lopez accepts post
- Lopez says mining harms environment and puts farmers at risk
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The Philippines will have an anti-mining crusader running the environment department, after Philippine President-elect Rodrigo Duterte’s choice accepted the post this week. Shares of resources companies plunged a second day.
Regina “Gina” Lopez, 61, managing director of ABS-CBN Lingkod Kapamilya Foundation Inc., said Tuesday that she accepts the offer to head the environment and natural resources department. The Philippine stock exchange’s mining and oil index fell 7.3 percent on Wednesday, the steepest drop in 10 months, after closing 4.1 percent lower in the previous session. Duterte offered the post to Lopez on Monday.