Dear Editor,We reflect on the risks involved as ExxonMobil drills through ~2,000 metres of water (>1 mile) and ~3,700 metres (> 2 miles) of rock to get to the petroleum and associated gas located under the weight of such pressure in Guyana’s offshore territory. We note that the increase in daily production to 155,000 barrels per…
By Alissa Trotz, (Referenced Insurance Doc inside here: https://www.oggn.org/wp-content/uploads/2023/05/EPA-Supplemental-Affidavit-23-Jan-2023.pdf) On Monday May 29th, Esso and the EPA get another chance to argue for a stay of Justice Kissoon’s ruling that Esso was in breach of the permit requirements for insurance. Exxon’s own modelling shows that an oil spill will not be confined to Guyana, but…
Vice President Jagdeo has for sure secured his spot in the annals of iconic harbingers of falsehoods; but his reaction to Honourable Judge Kissoon’s well-thought-out decision, takes the cake, when he distorts the decision and attempts to intimidate and create a chilling effect on the judiciary. The VP perversely attacks the decision with his vengeful…
If I were in the GoG, I’d insist Exxon sign the PCG letter agreeing to Full Liability Coverage. Sign the letter – and go on with your Oil Drilling. Observe Safety Rules. End of story. All oil drilling is done on a Wing and a Prayer. Hope an accident never happens – but if it…
Last week, reporting on the ruling of Justice Sandil Kissoon, who heard the case brought against EEPGL and the EPA by Frederick Collins and Godfrey Whyte, Stabroek News said, “ExxonMobil’s local affiliate, EEPGL, has agreed in the permit to provide insurance and an unlimited parent company indemnity to cover all environmental loss and damage that…
Former EPA chief Dr. Vincent Adams has said many times that Full Liability Coverage (FLC) as enshrined in the permits, equals insurance plus a parent company guarantee to cover “any” costs above insurance. In mathematical parlance: Full Liability Coverage = Insurance + Parent Company Guarantee for all remaining costs. Parent Company Guarantee is simply a…
Major Court ruling in matter of Full Liability Coverage Please see the doc here: https://www.oggn.org/wp-content/uploads/2023/05/Decision-in-EPA-MAtter.pdf
We have been assured many times by the petroleum companies here that they are operating according to international standards. These standards require inspectors to certify compliance with the standards. The Liza Destiny and Liza Unity have for some time now been operating over their safe design operating limits of 120 000 and 220 000 barrels…
The OECD/G20 Inclusive Frame-work on Base Erosion and Profit Shifting (BEPS) is implementing a landmark reform to the international tax system, which will ensure multinational enterprises will be subject to a 15% effective minimum tax rate. The details can be found via this link https://www.oecd.org/tax/beps/. Domestic tax avoidance by BEPS due to multinational enterprises exploiting gaps…
I see Vice-President Dr Bharrat Jagdeo has thrown out a challenge for a company to produce solar power for the grid at 5 US cents per kilowatt hour (kWh). He will win. He is correct that large-scale batteries are not available to Guyana. Only countries like India and China who have the technology, raw materials,…
