Opinion
NTC must explain legal basis of their endorsement of government’s move to make decisions over Indigenous titled lands
On 01 December 2022, Winrock/ART (Architecture for REDD+ Transactions) announced that it has issued 33.47 million jurisdictional carbon credits to Guyana, representing saved carbon in the forests of Guyana. Closely following the Winrock/ ART announcement, the Hess Corporation oil company (30 per cent co-venturer in the offshore Stabroek Block, and so a co-generator of huge…
I invite AG Nandlall to comment on the unusually high 2020 voter turnout
In recent days, attentive readers of the “Letter to the Editor“ section of Stabroek News will have witnessed an exchange of opinions between Attorney General Anil Nandlall and Messrs. Sherwood Lowe and Vincent Alexander revolving around the question of possible voter impersonation during the General Elections of March 2, 2019. The story culminated on Wednesday,…
We demand that the terms of the new PSA be applied to the Stabroek Block contract
A foreign observer analyzing Guyana’s oil resource per citizen would guess that a baby born in the last few years in Guyana would be one of the luckiest of the 8 billion people in the world. But the observer would be mistaken. It is approaching 3 years since we started producing oil but one of…
Who feels it knows it
Just last week, the newspaper headline said “Exxon posts highest profit in its history: Guyana seen as pivotal part of its portfolio.” This is a company that has a history of over 150 years in the world. The Guyanese offshore oil wells (that international news stories are calling a “high return asset”) have been a…
The only culture that matters in business practices is the value placed on our assets
I write with reference to the letter titled ‘Culture is central to how we approach negotiations in an international setting.’ The writer posits that Guyana’s ‘cultural framework’ is somehow at variance with international, or at least North American/ European norms. Really? The briefest scrutiny of their supposedly ‘rigid business practices’ is instructive.
Mr Bhagwandin is operating completely in the dark with his calculations
I am responding herewith to Mr. Bhagwandin’s letter to the Editor of Stabroek News published October 8, 2022, and entitled `The overall objective of the PSA is to obtain a higher profit share after fully recouping investment costs’. First, I fully agree with other online commentators that there was no need for Mr. Bhagwandin to…
This undefined capital expenditure can end up being a ploy to hide the real oil profit due to Guyana
By Stabroek News October 11, 2022 Dear Editor, Permit me to respond to Joel Bhagwandin’s letter in SN of October 8th, captioned, ‘The overall objective of the PSA is to obtain a higher profit share after fully recouping investment costs’; but before doing so, I would like to recommend that Joel Bhagwandin take some finance…