The World Bank is undercutting its own carbon reduction commitments and putting entire Caribbean ecosystems at risk by directing US$55 million to support fossil fuel extraction off the coast of Guyana, campaigners at Sassenberg, Germany-based Urgewald charged yesterday, after a Guyanese high court cleared the way for colossal fossils ExxonMobil, Hess, and CNOOC to continue…
Alleviating and reducing poverty is the touchstone to determining governance and by far the most important criteria by which our political leaders must be judged from Guyana’s Independence to now. From poverty in our hinterlands to poverty in our urbanized ghettos to places which by their names underline poverty, such as Plastic City nestled on…
In 1763, slaves of the Plantation Magdalenenberg on the Canje River in Berbice rebelled, protesting harsh and inhumane treatment by foreign entities(1). While the rebellion ultimately failed, it precipitated events that led to Guyana’s sovereignty and nationhood. Those original Guyanese fought for the ability to own a share of the resources of this great land….
I am a professional Engineer and some of my undertakings were to design, build, prepare contract documents of processing plants that take raw material from the earth, and process to a consumable product.I also built the first natural gas station in Trinidad with the help of the late Mr. Manning, a geologist and former Prime…
If the PPP wins with a majority, Guyana may become the next resource curse on steroids, with lots of white-elephant projects.And if the ruling coalition wins with a majority, Guyana may continue to blunder along and give away its oil wealth.
Global Witness may say that Guyana could lose US$55B from the controversial Stabroek Block agreement between Government, ExxonMobil, Hess and CNOOC. But Chartered Accountant Nigel Hinds is of the view that the anti-corruption watchdog and its partner, Open Oil, were being modest. Hinds says that Guyana stands to lose as much as US$108B.In an interview…
Global Witness has revealed that Guyana stands to lose at least US$55 billion from the current 7.9 billion barrels in the Stabroek Block. The major political parties have not indicated that they will renegotiate the atrocious Stabroek oil contract. But the Guyanese people have other choices. Leaders of both the Change Guyana party and the…
The Bauxite workers have been and are being treated in a crude and crass manner by the global aluminum giant Rusal, the Rusal corporation is the 90% owner of the Bauxite Company of Guyana Inc. (BCGI). The workers are also being underserved by the Guyana Bauxite and General Workers Union (GB&GWU) and the Government of…
Yesterday, a Guyanese court issued a ruling in a judicial review action brought against the government and three companies — Esso (Exxon), Hess, and CNOOC Nexen — for failing to comply with the Environmental Protection Act. “Ironically, this ruling comes just as a new study shows the Deepwater Horizon disaster ten years ago had much farther-reaching (and still…
Please allow me to comment on your article in yesterday’s SN: `Guyana’s first million barrels of oil is closer – still no word on price.’ Once one peels away the legal mumbo jumbo and pretensions, the oil contract clearly says that profit oil is valued by the monthly average of the spot market price. You…
