Natural Resource Fund: the right rhetoric but no credible commitment to transparency

Several observers have noted that the account in the Federal Reserve Bank of New York does not constitute the National Resource Fund (NRF). The account in the Federal Reserve is merely holding the oil revenues – at almost zero percent yield – until the Guyana government operationalises the NRF (hereafter “the Fund”). Operationalisation of the…

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The Gas to Energy Project: More questions than answers?

Alfred Bhulai, Dr Janette Bulkan, Jocelyn Dow, D Radzik, Vanda Radzik, Dr Troy Thomas, Dr Maya Trotz The Environmental Protection Agency (EPA) published a Public Notice on June 25, 2021 stating that an Environmental Impact Assessment (EIA) was required for the “Gas to Energy Project” led by Esso Exploration and Production Guyana Limited (EEPGL). EEPGL…

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