In Stabroek News dated November 4, 2018; Minister Winston Jordan exposed the oil experts, who were invited to Guyana via funding unknown, to pronounce on the Green Paper, Sovereign Wealth Fund/ National Resources Fund and suchlike. Except for the disgraceful 2% royalty, the comments by Minister Jordan, conflated with remarks I made as an invitee;…
According to the nation’s laws, the Environmental Protection Agency (EPA) is mandated to protect the environment for the benefit of present and future generations through measures designed to prevent pollution. In spite of this, the EPA still granted to ExxonMobil, a permit, the language of which is so ambiguous, that the oil giant is allowed…
Given that Guyana pays the taxes of the oil companies (EMGL, Hess, and CNOOC), and recognizing that Guyana should receive 14.5 percent of total revenue, the question which must be answered is the following: How much money will Guyana receive after the taxes have been deducted from Guyana’s share of total revenue? The answer to…
I write in relation to a letter included in the Stabroek News on 28-Nov-2018 with the title `Why would Exxon inflate these costs when it wouldn’t be the one benefitting?’ authored by a Mr Clement Smith. The letter in question makes a number of inaccurate points and I attempt to address these below. In summary,…
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…
Q1: What was the topic of Mr. Ram’s recent column in the Stabroek News? A1: Mr. Ram started his column again in Stabroek News with the message that every man woman and child in Guyana must become oil minded. Q2: What type of audit did Mr. Ram say the agreement between Guyana and ExxonMobil provides…
The developed world is turning a blind eye on matters of tax fairness in the process of exploitation of Guyana’s petroleum oil resources. Under the current oil contract that a Guyana Minister was ‘told to sign’, Guyana gets an effective zero per-cent of profits tax after the Minister pays the contractors’ share of profit tax….
Without doubt this is a crucial juncture in the country’s history as it relates to securing a better future for each of its citizens and for succeeding generations. The moment has been made even more poignant by the deep distress that the sugar industry is in, a fitting warning that a prosperous industry that commands…
This introduction by Isabelle de Caires to a recent Moray House Trust presentation sheds light on how our history hangs over us. She makes the case that now with oil we are again in a wearing sense of deja-vu. https://www.oggn.org/wp-content/uploads/2022/06/the-shadow-of-this-history-hangs-over-us.pdf
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…
