The three major political parties – People’s Progressive Party Civic (PPP/C), People’s National Congress Reform (PNCR), and Alliance for Change (AFC) – are united in the sellout of Guyana’s oil and gas resources to oil giants and their beneficiaries.Many of their leaders are complicit and/or compromised. So says anti-corruption advocate, Nigel Hinds.In an exclusive Op-Ed…
Regardless of which political party is in power, the obnoxious and detestable 2% contract between the Government of Guyana and Exxon’s subsidiary and their partners is deemed to be unnegotiable by the government. Irrational and sad! As it is clear to anyone who is intent on negotiating a fair agreement for Guyana, basic common sense…
Alleviating and reducing poverty is the touchstone to determining governance and by far the most important criteria by which our political leaders must be judged from Guyana’s Independence to now. From poverty in our hinterlands to poverty in our urbanized ghettos to places which by their names underline poverty, such as Plastic City nestled on…
Global Witness may say that Guyana could lose US$55B from the controversial Stabroek Block agreement between Government, ExxonMobil, Hess and CNOOC. But Chartered Accountant Nigel Hinds is of the view that the anti-corruption watchdog and its partner, Open Oil, were being modest. Hinds says that Guyana stands to lose as much as US$108B.In an interview…
The Bauxite workers have been and are being treated in a crude and crass manner by the global aluminum giant Rusal, the Rusal corporation is the 90% owner of the Bauxite Company of Guyana Inc. (BCGI). The workers are also being underserved by the Guyana Bauxite and General Workers Union (GB&GWU) and the Government of…
It is ridiculous to believe that “Trotman’s hurried negotiation would place him solely at fault for failure to capitalise on Guyana’s strong bargaining position” as Kaieteur News asserted in their article dated February 9, 2020 and captioned “Announcement of Liza-2 find, one day after contract signing, shows ExxonMobil’s dishonesty – Chris Ram”. The repeated overkilling…
Guyanese are trapped in an unprecedented and appalling Petroleum Agreement with Exxon (Exxon, Hess and Nexen). It is arranged and recorded in exploitative and egregious language. What has been forced on this nation by APNU+AFC is inexcusable, unjustifiable and indefensible; and we are further insulted by calling the sellout “an Agreement”, one that needs unlimited…
2019 has been an unforgettable political year for Guyana, if only for the indelible and extreme breaches of our Constitution and Court Rulings following the No Confidence Vote and the grand finale confession coming three years after the signing of a Production Sharing Agreement (PSA), when the APNU+AFC administration represented by Minister Raphael Trotman, casually…
Exxon will obtain 63.75% of the Profit Share after tax payments are made by the Guyana Government, when applying Guyana’s current tax rate of 27.5% for Non-commercial Companies. Exxon is used in this article to represent Esso Exploration & Production Guyana Limited, CNOOC Nexen Petroleum Guyana Limited and Hess Guyana Exploration Limited. Clearly from sections…
