The three major political parties – People’s Progressive Party Civic (PPP/C), People’s National Congress Reform (PNCR), and Alliance for Change (AFC) – are united in the sellout of Guyana’s oil and gas resources to oil giants and their beneficiaries.Many of their leaders are complicit and/or compromised. So says anti-corruption advocate, Nigel Hinds.In an exclusive Op-Ed…
International lawyer, Melinda Janki, believes that ExxonMobil’s flaring of associated gas at the Stabroek block’s Liza Phase One operation, appears to amount to a breach of contract. Associated Gas is gas which is produced from an oil field, as opposed to Non-Associated Gas, which comes from gas fields. Article 12.1 of the Stabroek Block production…
https://www.change.org/urgent-enforce-guyana-laws-oil-contracts
If you are lending money, you want to ask yourself two main questions as part of due diligence. The first, can the borrower repay the entire loan when the loan comes due. And, the other, are you being paid a fair interest rate for the risk you are taking on with a particular borrower. On Wednesday, October 28th,…
Kaieteur News – International lawyer, Melinda Janki, told Kaieteur News that the ruling of the High Court, bringing Exxon’s Liza-1 environmental permit into conformity with the law, is very important because it shows that the Environmental Protection Agency (EPA) and ExxonMobil are subject to Guyana’s laws.“That’s a win for the people of Guyana. This was…
Kaieteur News – Darshanand Khusial of the Oil & Gas Governance Network (OGGN) has hailed the recent ruling of the High Court on the legal duration for ExxonMobil’s Liza Phase One permit as a good step, and an indication that Guyanese can make real positive changes.The challenge was brought against the environmental permit by former…
Regardless of which political party is in power, the obnoxious and detestable 2% contract between the Government of Guyana and Exxon’s subsidiary and their partners is deemed to be unnegotiable by the government. Irrational and sad! As it is clear to anyone who is intent on negotiating a fair agreement for Guyana, basic common sense…
A prudent homeowner, who wanted to sell his house, would gauge what is a fair asking price by surveying the sale price for other houses in his neighbourhood. It would spin in his mind for years, if after the sale, he discovered that he had sold his house for a large discount to what a…
“O, what a tangled web we weave…” The PPP/C, upon assuming office, has been convincingly trying to undo many of the iniquities of the former APNU+AFC, mostly revealing the level and scope of corruption, as well as the shortfalls in terms of economic development. The APNU+AFC has sold out Guyana to big oil. Raphael Trotman…
