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The Philippines will not honour commitments it made under the Paris climate change deal, president Rodrigo Duterte has said in a speech.
"Soco will honour commitments we have made to local inhabitants to continue with our social programmes as long as we hold rights to the Block V licence", said the company in its statement.
In Davos, Brown was joined on a platform by Microsoft's Bill Gates, Bono and Queen Rania of Jordan in a fresh appeal to the international community to honour commitments to meet the millennium development goals by 2015.
However, concerns about accountability had been raised earlier: the independent review group that monitors how governments and other stakeholders honour commitments to improve women and children's health warned that its work finished at the end of December.
This is hurting the banks, and making money-market funds even queasier about buying bank debt, and so on".CreditSights notes that it has become more common for companies to call on these loans amid "fears that bank lenders may not be able to honour commitments in the future".
But Mr Varoufakis says his government does not want the money and will not honour commitments made under a previous "toxic" programme.
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The violence regularly prevents oil firms from honouring commitments to buyers.
A spokeswoman for the prime minister said the mandate "honours commitments made to crossbenchers during negotiations to secure passage of changes to the renewable energy target".
The board says it is honouring commitments it gave in April to distribute up to 30% of net income - and shareholders are free to decide on an offer representing a 39% premium to the average share price of the last three months.
The government, however, said that it would honour its commitments.
Now international creditors trust the government to honour its commitments.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com