Zero tax on ExxonMobil is monumental financial loss for Guyana and its people

Zero tax on ExxonMobil is monumental financial loss for Guyana and its people

Parliament’s decision to create—what amounts to—a zero tax clause in the petroleum production agreement keeps power and wealth in the hands of its foreign counterparties and contributes to Guyana’s economic inequality. Additionally, it stagnates the potential for sustainable economic growth here in the local land. While the Stabroek Block Production Sharing Agreement (PSA) should be…

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If the renegotiation clause is meaningless, Jagdeo should have it expunged from the contract

If the renegotiation clause is meaningless, Jagdeo should have it expunged from the contract

Robin Singh’s letter titled, “I extend congratulations to Jagdeo for embracing a failed Marxist philosophy” (SN Nov 16th), contained several false arguments. Singh writes: “. . . others are spending much time and effort to disparage and discourage new investors in our economy”. Robin is referring to a group of oil activists and two daily…

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Exxon obligated to do study showing impacts of oil spill to coasts – Former EPA Head

Exxon obligated to do study showing impacts of oil spill to coasts – Former EPA Head  

Kaieteur News – Former Head of the Environmental Protection Agency (EPA), Dr. Vincent Adams believes that the consultant hired by ExxonMobil Guyana Limited (EMGL) to conduct an Environmental Impact Assessment (EIA) for its sixth project, must inform the nation of the likely devastation to these shores from an oil spill. Dr. Adams, a Petroleum and Environmental…

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TIGI Article

Country must see Exxon’s reports for relinquishment of oil blocks – TIGI President

…Jagdeo does not own the country’s resources  Kaieteur News – President of local watchdog organization, Transparency Institute Guyana Inc (TIGI) Frederick Collins is calling on the Government of Guyana (GoG) to release the reports submitted by ExxonMobil, outlining the impacts of the COVID-19 Pandemic on their operations. The quarterly reports were a prerequisite to the extension…

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Govt. should be mindful of its disregard for rule of law in oil sector

What you could see daytime about oil, doan look fuh at night with fire stick

By Stabroek News  August 10, 2022        Dear Editor, Permit me to respond to a letter dated August 6, 2022 written by Joel Bhagwandin, Financial Analyst, captioned,’ Guyana poised to earn close to US$5b annually when the four approved oil platforms are producing concurrently’. In that letter, it is stated that,’ Professor Hunte failed to cite…

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