Every Man, Woman and Child Must Become Oil-Minded (Part 95) This Article was Published on the 30 July, 2021 Introduction Thirty months after its passage and assent by President Granger in January 2019, the only thing active about the Natural Resource Fund Act is that it continues to generate controversy. The Act was passed during…
The U.S. Foreign Tax Credit (FTC) is designed to prevent double taxation by allowing individuals and corporations to offset taxes paid to foreign governments against their U.S. tax obligations. However, there is compelling evidence that ExxonMobil and its affiliates obtain tax certificates issued by the Guyana Revenue Authority (GRA) without actually paying taxes in Guyana….
Guyana Extractives Industry Transparency Week. A virtual Guyana Extractives Industry Transparency Week (GEITW) from June 7-11, 2021. This one-week event is focused on bringing together government, industry, civil society organizations, journalists, and the general public under one forum to discuss Guyana’s ongoing pursuit of good governance and transparency in the extractives sector. Key areas of…
In follow-up to your editorial ‘Critics’ in the Sunday Stabroek for March 06, 2022, I suggest that the leadership of the PPP/C should re-read its 2020 election manifesto, to remind itself that it still has some important promises to act upon. One of these is its commitment to re-negotiate the Production Sharing Agreement with ExxonMobil:…
I refer to Robin Singh’s letter in SN of May 24th titled: “An unlimited parent guarantee must be backed by an asset register”, and wish to respond as follows: Robin Singh argues, “it must be backed by an asset register, all of which would then be under lien and would require Guyana’s assent for any…
Stating that the 2% royalty on oil from ExxonMobil was way below global standards and that the tax regime should have been greater, Presidential Advisor on Petroleum, Dr Jan Mangal says pressure from the citizenry has the potential to influence government to revise the contract with the American company. “Don’t underestimate the power that people…
International lawyer and environmental activist Melinda Janki has called on members of the United Nations to request Guyana to halt all oil activities until human rights are protected. The Director of the Justice Institute Guyana (JIG) has also requested that the special rapporteur on Human Rights and the Environment be invited to make a visit…
Former Petroleum Advisor to the Granger Administration, Dr. Jan Mangal and University of Houston Instructor, Tom Mitro, are in agreement that an illegitimate government suffering from the imposition of sanctions can easily attract members of the petroleum underworld. These experienced consultants posit that a country in such a weakened state is likely to give almost…
