Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 87 – June 11, 2021 Introduction With appreciation to the editor-in-chief of Stabroek News, this column which last appeared on April 17, 2020, is returning for a short series. It will feature the 2020 financial performance of the three companies which signed a…
Distinguished Retired Economics and Business Professor Dr. Ganga Ramdas’ of the Oil and Gas Governance Network (OGGN), asserts that Guyana is losing an approximate US$62 million annually due to Exxon not paying taxes, as other companies do. Many newspapers and commentators such as Guyana icon Christopher Ram have lamented this sad state of affairs of…
Washington, DC — Today, Guyanese citizens filed the first constitutional climate case in the Caribbean to challenge fossil fuel production on the grounds that it exacerbates global warming and threatens human rights. The case, before Guyana’s Constitutional Court, claims that Guyana’s approval of a massive, ExxonMobil-led oil and gas buildout off the country’s coast violates the…
The 2016 Stabroek Block oil contract between the oil companies and the Government of Guyana violates many of Guyana’s laws compared to the original 1999 contract, according to local legal experts. The Government seems content to ignore our own national laws. None of the violations in this oil contract have been challenged in court as…
President Biden will host a Leaders Summit on Climate on 22nd and 23rd April. The summit will deal with urgent action to tackle climate change plus the economic benefits of doing so. Prime Minister Gaston Browne of Antigua and Barbuda and Prime Minister Andrew Holness of Jamaica are among the 40 leaders selected to attend….
Our national hero VP said the gas-to-shore project is so obviously right (in his unilateral opinion) that it’s a “no brainer.” How could the rest of us dumb people not see it? No studies, no planning, no consultations needed. Our PPP is like the Mighty Sparrow. If Sparrow says so, is so. In my view,…
The Irfaan Ali led administration is steadfast in its plan to land a multibillion dollar pipeline at Wales, West Bank Demerara, for the proposed gas-to-shore project despite the widespread criticism it has faced from industry experts.Many share the same concern that Government is moving too fast and should pump their breaks, at least until a…
It is high time for Guyana to secure “solid financial assurance” from Stabroek Block operators ExxonMobil, CNOOC/NEXEN and Hess to ensure that it is protected should an oil disaster occur on our shores, says international lawyer, Melinda Janki.And with ExxonMobil’s looming financial troubles, she said “sooner is better than later.”“We know that ExxonMobil is in…
Kaieteur News – Former Presidential Advisor on Petroleum, Dr. Jan Mangal, said that representatives from Chatham House and the World Bank told him it was a bad idea to publish the contracts Guyana signed with international oil companies (IOCs) for the rights to operate their respective blocks. The comment is included in a public LinkedIn…
Kaieteur News – Kaieteur News, along with other transparency advocates, has been calling for the People’s Progressive Party/ Civic (PPP/C) government to release records on oil reports dating back to the beginning of oil production.Notably, those records would assist in the conduct of independent studies on the oil revenue and what Guyana is set to…
