17 Questions: Tracking Guyana’s Oil Money: How much and where is it going?
Question 1: What is the purpose of the Natural Resource Fund? Answer 1: The purpose of the fund is to manage the natural resource wealth of Guyana for the present and future benefit of the people in an effective and efficient manner. This includes ensuring volatility in revenues does not lead to volatile public spending,…
From Destiny to Prosperity Part 4.
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 113 – November 10, 2023 Introduction This column extends to Mr Trotman compliments and appreciation for his publication. It is not a major work and the ten chapters of the book cover just 50 pages. But he does have the distinction of being…
Audit results and its impact
The work done by the consortium of auditing firms, Ramdihal& Haynes Inc., Eclisar Financial, and Vitality Accounting and Consultancy Inc., with backing from Martindale Consultants, have identified the unauthorized expenditures that have inflated the costs of the EMGL financial statements. In particular, the auditors point out the unlawful disbursement of funds from the Liza 1…
12 Questions: The Gas-To-Energy Project and Its Legal Challenges
Q1: What is the purpose of the gas-to-energy project in Guyana? A1: To pipe natural gas from offshore oil fields to onshore facilities to generate electricity and address power outages in Guyana. Q2: What are the main components of the project? A2: A subsea and onshore pipeline, a natural gas liquid processing facility, and a…
From Destiny to Prosperity Part 3.
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 112 – November 3, 2023 Today’s column will complete the remaining chapters VI to X of Raphael Trotman’s book. Before I do so, let me acknowledge the articles carried in the Kaieteur News, written by Ms. Kiana Wilburg, their senior reporter in that…
Elizabeth Deane-Hughes encountered several problems related to Guyana’s Gas to Energy project
In the interview aired here, https://www.oggn.org/2023/11/02/oil-talk-with-oggn-guyana-episode-7-the-gas-to-energy-project-and-its-legal-challenges/ , the lawyer Elizabeth Deane-Hughes identified several problems related to Guyana’s Gas to Energy project: 1. Environmental Protection Agency (EPA) Failures: She criticized the EPA for not ensuring that the Environmental Protection Act was followed, highlighting a court case that found the agency acted contrary to law in the…
Vice President’s Office is yet again misleading the people on carbon credits
You extracted from a press release by the Office of the Vice President in your article ‘APA withdraws from Carbon Credits appeal process’ (SN October 30, 2023). The Vice President’s Office is yet again misleading the people of Guyana by implying that the National Toshaos Council (NTC) has authority to surrender control to the Guyana…
With no ring-fencing Guyanese are denied their rightful share of the oil revenues
President Irfaan Ali ring-fencing is an important concern that has engaged the attention of the Guyanese people; but Guyanese policymakers do not want to take any action to establish ring-fencing in each of the oil projects that are currently extracting and exporting oil from Guyana. When there is no ring-fencing, the people of Guyana are…