Opinion
Zero tax on ExxonMobil is monumental financial loss for Guyana and its people
Parliament’s decision to create—what amounts to—a zero tax clause in the petroleum production agreement keeps power and wealth in the hands of its foreign counterparties and contributes to Guyana’s economic inequality. Additionally, it stagnates the potential for sustainable economic growth here in the local land. While the Stabroek Block Production Sharing Agreement (PSA) should be…
Oil Companies Illegally Trespassing on Guyanese Land
Statement by Guyanese Lawyer, Elizabeth Deane-Hughes: Newspaper: https://www.kaieteurnewsonline.com/2023/11/18/citizens-continue-fight-to-quash-exxons-gas-pipeline-permit/ TikTok: https://vm.tiktok.com/ZMjKDw4J3/ Interview: https://www.youtube.com/watch?v=Got1VNepjrI
If the renegotiation clause is meaningless, Jagdeo should have it expunged from the contract
Robin Singh’s letter titled, “I extend congratulations to Jagdeo for embracing a failed Marxist philosophy” (SN Nov 16th), contained several false arguments. Singh writes: “. . . others are spending much time and effort to disparage and discourage new investors in our economy”. Robin is referring to a group of oil activists and two daily…
Unraveling the Confusion: Examining Relinquishment Policies in Guyana’s Oil Blocks
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 114 – November 17, 2023 Introduction The Kaieteur News this past Wednesday reported that Minister of Natural Resources Vickram Bharrat as stating that the Government has written ExxonMobil directing that it relinquish portions of the Kaieteur and Canje Oil Blocks. There are two…
From Destiny to Prosperity Part 4.
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 113 – November 10, 2023 Introduction This column extends to Mr Trotman compliments and appreciation for his publication. It is not a major work and the ten chapters of the book cover just 50 pages. But he does have the distinction of being…
Audit results and its impact
The work done by the consortium of auditing firms, Ramdihal& Haynes Inc., Eclisar Financial, and Vitality Accounting and Consultancy Inc., with backing from Martindale Consultants, have identified the unauthorized expenditures that have inflated the costs of the EMGL financial statements. In particular, the auditors point out the unlawful disbursement of funds from the Liza 1…
From Destiny to Prosperity Part 3.
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 112 – November 3, 2023 Today’s column will complete the remaining chapters VI to X of Raphael Trotman’s book. Before I do so, let me acknowledge the articles carried in the Kaieteur News, written by Ms. Kiana Wilburg, their senior reporter in that…
Vice President’s Office is yet again misleading the people on carbon credits
You extracted from a press release by the Office of the Vice President in your article ‘APA withdraws from Carbon Credits appeal process’ (SN October 30, 2023). The Vice President’s Office is yet again misleading the people of Guyana by implying that the National Toshaos Council (NTC) has authority to surrender control to the Guyana…
With no ring-fencing Guyanese are denied their rightful share of the oil revenues
President Irfaan Ali ring-fencing is an important concern that has engaged the attention of the Guyanese people; but Guyanese policymakers do not want to take any action to establish ring-fencing in each of the oil projects that are currently extracting and exporting oil from Guyana. When there is no ring-fencing, the people of Guyana are…
From Destiny to Prosperity Part 2.
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 111 – October 27, 2023 Introduction Today’s column continues with a review of Chapters IV and V of Mr. Trotman’s book. In Chapter IV – Interactions with Exxon and the other Companies, Trotman relates his several meetings with representatives and officials of oil…