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Investigate all World Bank funded projects –Int’l Lawyer, Melinda Janki
International Lawyer, Melinda Janki, has called on the President of the World Bank, Mr. David Malpass, to immediately investigate all contracts that fall under the US$20M Guyana Petroleum Resource Governance and Management Project. International Attorney-at-Law, Melinda Janki Her appeal to the World Bank President is premised on the fact that at least two ExxonMobil linked…
GRA cannot accept any Exxon claim for recovery of pre-contract costs without solid legal authority
The Guyana Revenue Authority says it is examining the audit report for US$460M of ‘pre-contract costs.’ Irrespective of any audit by IHS Markit, or anybody else, the Guyanese people are not liable for any ‘pre-contract costs’ unless three conditions are met. One: Clear legal authority. Where was Raphael Trotman’s legal authority to agree to ‘pre-contract…
Guyana would still get US$250-300M from first year of oil if royalty is at fair 15% – Dr. Jan Mangal
Former Petroleum Advisor to the President , Dr. Jan Mangal has said that Guyana would still get a substantial revenue share from oil even when the price is sent crashing, once royalty on every barrel is set at a fair level of 15 percent. He made these and other comments in a recent Facebook post.Initially,…
Get on with the national task of rescuing Guyana’s economy from crashing oil prices
It must be obvious to everybody, except the most deluded, that the APNU+AFC coalition did not win the election held on 2nd March. If APNU+AFC had won, Mr Mingo the returning officer would have verified the official Statements of Poll and tabulated the results openly and transparently as demanded by all of the other political…
WORLD BANK SUPPORT TO GUYANA MEGAPROJECT UNDERCUTS PROMISE TO STOP FUNDING FOSSILS
The World Bank is undercutting its own carbon reduction commitments and putting entire Caribbean ecosystems at risk by directing US$55 million to support fossil fuel extraction off the coast of Guyana, campaigners at Sassenberg, Germany-based Urgewald charged yesterday, after a Guyanese high court cleared the way for colossal fossils ExxonMobil, Hess, and CNOOC to continue…
Entrenched Poverty in Guyana due to Poor Leadership
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…
Guyana may become the next resource curse on steroids
If the PPP wins with a majority, Guyana may become the next resource curse on steroids, with lots of white-elephant projects.And if the ruling coalition wins with a majority, Guyana may continue to blunder along and give away its oil wealth.
Guyana stands to lose as much as US$108B from bad Exxon Deal – Chartered Accountant
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…