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

Govt. should be mindful of its disregard for rule of law in oil sector – Former EPA Head

Kaieteur News – The Attorney General (AG), Anil Nandlall S.C last week issued a cautionary statement to Guyanese critical of the oil sector, as he claimed these were being used by the Venezuelan government to bolster its outrageous claims over Guyana’s sovereign territory. His remarks were met with widespread condemnation and continue to be disarmed by…

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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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With no ring-fencing Guyanese are denied their rightful share of the oil revenues

With no ring-fencing Guyanese are denied their rightful share of the oil revenues

President Irfaan Ali ring-fencing is an important concern that has engaged the attention of the Guyanese people; but Guyanese policymakers do not want to take any action to establish ring-fencing in each of the oil projects that are currently extracting and exporting oil from Guyana.  When there is no ring-fencing, the people of Guyana are…

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