Alastair Campbell, co-host of the political podcast The Rest is Politics, asked in the new episode of Leading—featuring President Irfaan Ali – some important questions about the country’s low-carbon strategy, management of the sovereign wealth fund (including the Norway model), corruption in the wake of the oil boom, and Guyana’s position on the Venezuelan border…
Every Man, Woman and Child in Guyana must become oil-minded – Column 166 Today’s column compares the role of oil and the 2016 Petroleum Agreement in the 2025 election campaign and in 2020, the first year of oil production. Then Bharrat Jagdeo and Irfaan Ali were seeking to unseat the APNU + AFC Coalition. The…
Article 15.4 (a and b) in the 2016 Petroleum Agreement (page 39: https://www.oggn.org/wp-content/uploads/2017/12/Oct2016-Petroleum-Agreement.pdf) has the condition that the Minister agrees that the appropriate portion of the Government’s share of Profit Oil shall be accepted by the Minister as payment in full of assessed taxes by the consortium (EMGL, Hess, CNOOC). This constraining requirement that mandates the government…
Reference is made to Mr. Roger Ally’s recent letter, “Government/GMSA did a great job” (Stabroek News, August 8, 2025). He extensively cites from my letter of August 3, where I argued that small states should act through supranational organizations when facing powerful nations. Unfortunately, Mr. Ally omits a key fact while praising the Government’s achievement…
Early on Friday morning, August 1, 2025 – notably Switzerland’s National Day – there was a rude awakening for the Federal Council, Parliament, and the public. President Trump imposed a new punitive tariff of 39% on Swiss exports to the United States, citing allegedly massive export surpluses. For now, pharmaceutical products – which account for…
IntroductionOne day before Guyana observed Emancipation Day, the mercurial universe Boss Donald Trump confirmed his April 2 Liberation Day Executive Order to unilaterally impose tariffs on every country trading with the United States of America. The US President imposed on Guyana’s products entering the United States a 15% tariff beginning next week – a blow…
Is Guyana trying to join the ‘carbon cowboys’ who hoodwink politicians and incautious citizens into paying for what Nature provides at no cost to humanity? Guyana’s natural tropical rainforests are in dynamic equilibrium. What they breathe in and photosynthesis by day, they mostly respire back to the atmosphere by night or lose through natural decay…
In a recent presentation by President Ali, he stated that “…We have seen around us countries that made the mistake of treating oil of treating natural resources revenue as wealth you’ve seen … Trinidad and Tobago Venezuela natural resources revenue is not wealth is revenue to be invested to create wealth… and that is what…
Imagine you’re at a casino and take $8 from your wallet and make a bet that results in winnings of $300. You then decide not to risk any of your original capital (the cash from your wallet) and only bet your $300 in winnings going forward. At that point, you are playing with house money or “free money.”…
In keeping with Article 15.6, page 42 of the Production Sharing Agreement (PSA), the Government of Guyana is assigned the burdensome task of paying the taxes of the oil consortium (EMGL, Hess, and CNOOC) from its share of oil profits and royalties. This contractual arrangement is unheard-of; as it discriminates against other local companies which…
