DENR taps two companies to revive Boracay wetlands
The Department of Environment and Natural Resources (DENR) has partnered with the Aboitiz group and the Lopez-led Energy Development Corp. (EDC) for the rehabilitation of the pollution-challenged Boracay Island by adopting two of its nine wetlands.
The two companies signed a memorandum of agreement (MOA) with the DENR this week.
Aboitiz Equity Ventures Inc. (AEV) Chief Operating Officer Sabin Aboitiz and Aboitiz Foundation, Inc. (AFI) Head Maribeth Marasigan signed for the adoption of Wetland No. 4, while EDC president and Chief Operating Officer Ricardo Tantoco and EDC Senior Manager for Corporate Social Responsibility and Watershed Management Allan Barcena signed for Wetland No. 2.
DENR Secretary Roy A. Cimatu expressed confidence the partnership with AEV and EDC would hasten and sustain the rehabilitation of Boracay wetlands, which serve a variety of ecological services that are important to the island’s overall well-being.
“It will not be an easy job for government to do alone, which is why we thank the private sector for agreeing to undertake the task at practically no cost to the government,” Cimatu said.
The rehabilitation of the wetlands will be undertaken in phases that are expected to go beyond the island’s scheduled reopening in October.
Cimatu told the adopters not to put up company signs that are commercial or promotional in nature.