Opinion
Landmark Legal Challenge: Glenn Lall Takes on Guyana’s Petroleum Agreement Tax Provisions
Every Man, Woman and Child Must Become Oil-Minded (Part 96) January 21, 2022 Businessman and Newspaper Publisher Mr. Glenn Lall has filed an action in the Guyana High Court challenging key provisions of the 2016 Petroleum Agreement between the Government of Guyana and Esso Exploration and Production Guyana Limited, CNOOC Petroleum Guyana Limited and HESS…
Gov’t defending oil contract in court is bad PR for 2025
Finally, in all of Guyana, one man – Glenn Lall, owner of Kaieteur News – has found the gumption, and moral courage to stand in the middle of the road and tell the Government and oil companies that he will not sit idly by and allow the looting of Guyana to continue. Glenn speaks for…
Macroeconomic issues relating to the large early withdrawal from the NRF
In the previous column, I noted several positive features of the Natural Resource Fund (NRF) Act of 2021. I also outlined several potential downsides such as the possibility for employing unnecessary financial consulting in the face of a legally-mandated passive investment strategy, the power relations between the officers of the Fund and government given the…
It’s “our wealth, our country.”
Both the PNC and PPP came to power through “crossover voters” in 2015 and 2020, and hung by a thread of a one-seat majority. In 2011, the PPP was a minority Government by one seat. In politics now, the “crossover” voters matter for any party to win an election! What the PNC and PPP need…
End this corporate welfare of VAT waivers and exemptions for these oil companies
My friend Suresh said, “There are not enough ‘cuss words’ to describe the treasonous oil contract signed by the PNC” and which the PPP vowed they would not renegotiate. The Exxon Head had said that at election time, both parties promised they would not renegotiate the contract. That puts the oil companies, PNC and PPP…
Some pros and cons of the Natural Resource Fund Act of 2021
The Natural Resource Fund Act of December 2021 is a clear and concise document outlining the purpose of the Fund, as well as the sources of oil revenue deposit and method of withdrawal. The Act is quite clear on the kinds of assets in which the people’s oil monies are to be invested. It was…
Which of the 24 Santiago Principles is matched by which numbered Article in the Natural Resource Fund Act 2021?
Jay Mobeen asserts that ‘babbling Glen Lall and others who agitated against the NRF … were disingenuous. For weeks they peddled misinformation to a nation, woefully ignorant of the bill. This couldn’t have been more glaring than the massive sign held up outside the Assembly by opposition protestors. This sign demanded the inclusion of the…
The time has come for the current political leaders to adopt a new political culture
As a Guyanese of the diaspora living in Switzerland and Germany, I have been following Guyanese politics closely for the last few years. What has struck me most is the uncompromising nature of politics in my mother’s homeland. There is the absence of a political culture of seeking solutions to the nation’s key problems by…