Business

Gov. Mapp Sends Proposal To Senate Seeking $1 Million For HOVENSA Litigation

Governor Kenneth Mapp Wednesday forwarded a proposal to the President of the 31st Legislature Neville James seeking authorization and appropriation of $1 million to retain counsel in the government's intended litigation against Hess Oil "to enforce the rights of the people of the Virgin Islands pursuant to the concession and Settlement Agreements entered into between Hess Oil, its related entities, and the U.S. Virgin Islands," according to Government House. Mapp previously made mention of his intention to seek funds for the litigation process during his State of the Territory Address on Monday, Jan. 26, where he said market conditions forced both parties to take varying paths in their quest for a resolution. "Our relationship, the territory's and Hess Oil, for the most part, has been a good one. But according to Hess, market forces have brought us to this point where we must part company," the governor said during his address. "And, let us assume for the purposes of this dis...