Dear EPA, My submission on the EIA for the EEPGL Gas to Energy project is prompted by project manager Mr Friedrich Crispin’s justification of it as an alternative source of energy during the presentation of the EIA at the Leonora Technical Institute on Friday May 13, 2022, and on S4(1) of the Environmental Protection Act…
Elizabeth Deane-Hughes 26 May 2022 Mr. Alistair Routledge, President, ExxonMobil Guyana, 99 New Market Street, Georgetown. Dear Mr. Routledge, RE: Governing instruments of Guyana vis a vis EIA/EIS for GTE pipeline project & Uaru Project Happy 56th Independence Day Greetings! Trust this finds you and your circle well. I have been attending some of the complimentary…
The Joshua Luke article in SN 2022-05-19 is a crude attempt to link money supply and the Government spending. There are also Consumer spending and Private Investment spending that together influence the inflation rate. It is a leap to just one of the three types of spending, namely Government to inflation: Quote: ‘The money supply…
In the part 4 we described how even before Transparency Institute Guyana Inc (TIGI) began to write on the petroleum contract and advocated for insurance to be included in local content (we had not then made representation for oil spill protection as we began to make recently) Berbice fishermen had demanded oil spill insurance. We…
In part 3 we showed that oil companies seemed to have no trouble providing insurance to protect foreign stakeholders and how moral hazard featured in banking, so much so that it helped bring down the financial system in 2007/8. We also showed that the extent of the Deepwater Horizon damage far exceeded “astounding”. In this…
In part 1 we showed that insurance companies knew how to mitigate the risk of ‘moral hazard’ so that while the tendency of the insured to benefit financially from information asymmetry existed, it could never ever be enough to frustrate a properly functioning insurance market. In part 2 we presented the quote Dr CYT should…
0.00 Intro by Moderator8:50 DR VINCENT ADAMS (comparing 1999 and 2016 agreements)[14:47 Dr Adams: Liability and insurance][21:08 Dr Adams: Absence of data][24:25 Dr Adams: Absence of specifics in the contract]27:44 FREDERICK COLLINS [TIGI][32:15 Fred Collins: Critical contract issues][36:49 Fred Collins: Annex A and Annex B][38:54 Fred Collins: Area Limits for a Single Licence]40:11 DARSH KHUSIAL [OGGN] How Much is Guyana losing on Stabroek Block…
In Part 1 of our response to Dr. CYT, we pointed out that he had neglected to take into account some fundamental points concerning the nature of the insurance business. We pointed out that, even if the oil company decided to indulge in more risky behaviour as a result of taking out the insurance, the…
Dr. C.Y Thomas, in his column of Sunday 17th April last (https://www.stabroeknews.com/2022/04/17/sunday/guyana and the wider world/critiques-2-3-exxonmobil in the courts of law and public-opinion/) under the guise of a critique of ExxonMobil, continued his ridicule of those of us calling for guaranteed compensation in the form of insurance against any damage to the environment of Guyana and that…
Dear Editor, Guyana’s profits taxes that are required under the 2016 Stabroek Contract should count as tax revenues. Here are the relevant points from the contract: ● Tax is required to be calculated for the contractor, Article 15.2. ● Tax is required to be paid by the Minister of Natural Resources on behalf of the…
