As the Energy Conference opened up yesterday, Guyana failed to send a public message to Exxon’s boss who is in attendance. With the worst oil contract in the history of the world that gives Guyana 14.5% of all gross revenues while Exxon gets 85.5% to cover expenses and profits, the Guyana leaders were silent, although…
The recent interview by Vice News, a controversial foreign news media that has some credibility issues, asking our VP if he took bribes and forcing the VP to say, “I never took a bribe” is reminiscent of the US President Nixon saying “I am not a crook,” when he was questioned about his involvement in…
OGGN’s mission is to educate and bring pressure to bear on Guyana’s policy makers to make sure the oil curse doesn’t happen in Guyana. You can learn more about OGGN at www.oggn.org/about, and you can also learn about the many issues with respect to our oil in the recently launched OGGN Magazine at https://www.oggn.org/wp-content/uploads/2022/02/OGGN-2022-Winter-Magazine.pdf. This week the…
Today’s column will simulate two scenarios of expected money inflows into and outflows from the Natural Resource Fund. All simulations are based on the NRF Act of 2021. The Act allows for higher early withdrawals from the Fund. Several justifications for high initial withdrawals were outlined by government officials. First, the dire shortage of the…
As the Energy Conference gets underway, Guyana continues to experience the phenomenon of blackouts. Only last week the national grid ran into trouble and they had to bring in experts to diagnose the problem. They had to shut down the five dual-fuel power generating sets at GPL’s Garden of Eden power plant, to prevent a…
The Canadian High Commissioner to Guyana, Mark Berman, is one of the featured speakers at the inaugural Energy Conference & Expo to be held in the oil-rich South American CARICOM nation from February 15th to 18th, 2022. This is a pivotal opportunity for the Canadian ambassador to state Canada’s commitment to companies needing to pay taxes…
The developed world is turning a blind eye on matters of tax fairness in the process of exploitation of Guyana’s petroleum oil resources. Under the current oil contract that a Guyana Minister was ‘told to sign’, Guyana gets an effective zero per-cent of profits tax after the Minister pays the contractors’ share of profit tax….
https://www.oggn.org/wp-content/uploads/2022/02/OGGN-2022-Winter-Magazine.pdf You can also view as a flip book, see link below. The full screen for the magazine is at the bottom right when you scroll your mouse there. The zoom for the magazine is also at the bottom right. https://www.flipsnack.com/77957A99E8C/oggn-2022-winter-newsletter.html
This clip is part of a longer presentation from Moray House Trust that can be found at this link: https://www.youtube.com/watch?v=coCJ8FVRUuk
