We learn from the Department of Public Information that in the 2022 national budget $1.4 billion of public funds were allocated to deal with the stench and other management issues at the Haags Bosch landfill located at Eccles. Further, that more than 450 tonnes of waste per day are dumped in ‘Cell one’ and ‘currently,…
I am compelled to write again, about this most crucial matter of full coverage insurance, so as to keep it fresh in the minds of our people; for the modus operandi of the Government and Exxon is to no doubt, wait it out and it will soon be the news of yesterday. The issue of…
The Report produced for USAID on Democracy, human rights and governance assessment: Guyana (2021) makes the following observation in several places: ‘The constitution mandates a high degree of cabinet involvement in executive decision-making while the National Assembly serves as check on the executive branch. Consequentially, the executive branch of government is both protected and isolated…
In follow-up to your editorial ‘Critics’ in the Sunday Stabroek for March 06, 2022, I suggest that the leadership of the PPP/C should re-read its 2020 election manifesto, to remind itself that it still has some important promises to act upon. One of these is its commitment to re-negotiate the Production Sharing Agreement with ExxonMobil:…
I watched with amusement, Exxon’s latest statement of March 2, 2022, and the frenzied utterings of our Honourable Vice President, even calling me a liar. I respect the office of the VP, so will not debase myself to the indignity of responding in kind, but will leave it to the people who know him better…
The build-own-operate-transfer (BOOT) financial arrangement has been used around the world to fund important infrastructure in partnership between government and private investors. In this financing model, the private investor upfronts the initial investment cost and expects to be repaid over some time period. The investor has an expected rate of return before underwriting the project….
It’s insulting that Exxon once again seems to believe that Guyanese people are stupid, attempting to bamboozle us with fanciful talk to camouflage the truth; but judging by their modus operandi and reputation around the world, I leave it to the Guyanese people to decide who is believable. First, with respect to the US$2.5 Billion…
I have followed with deep interest, the recent warranted upsurge in public outcry from experts and affected populations of all walks of life in Guyana, the Region, and other international communities calling for full insurance coverage in the event of an oil spill. However, there appears to be some confusion, misinformation, and missing facts in…
US Geological Survey – ‘Assessment of undiscovered oil and gas resources in Central and South America’ USGS Fact Sheet FS-037-01, March 2001 Guyana-Suriname Basin – total undiscovered resources with ‘fully risked estimates’ – Gas – trillion cubic feet – 7.035 at 95% confidence level, 36.802 at 50% confidence level, 95.909 at 5% confidence level, arithmetic…
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…
