EPA needs to stop granting ExxonMobil permits in absence of critical info on flaring – Int’l Lawyer
International Lawyer, Melinda Janki has expressed alarm that the Environmental Protection Agency (EPA) granted two permits to American oil giant, ExxonMobil even though its Environmental Impact Assessments (EIA) lack critical information on the harmful effects of flaring. [from left] International Lawyer, Melinda Janki and EPA Director, Dr. Vincent AdamsIn those documents which Exxon submitted to…
Examining the Financial Landscape: Unveiling the Balance Sheets of Guyana’s Oil Contractors
This Article was Published on July 2, 2021 This final column of this mini-series examining the financial statements of the three Contractors under the 2016 Petroleum Agreement, reviews their balance sheets, sometimes referred to as statement of affairs, as at December 31, 2020. The Table below is designed in a similar fashion as the summary…
How oil can place our democracy at grave risk
Guyanese should understand the goal of the oil and gas contractors: drill, extract and burn all the oil and gas resources it can acquire whenever it can in a game to balance the demand and supply globally. Guyana is just a small fish in this big pond and this is why we must always put…
This comment is highly disturbing and warrants a withdrawal from Ambassador Hinds
I refer to a letter captioned, ‘Let’s feel good about what we are getting from our oil’ written by His Excellency Samuel Hinds, Ambassador, Former Prime Minister, and Former Acting Preisident of the Cooperative Republic of Guyana. In that letter, it is stated… ‘If we have troubles absorbing the US $4.4 billion according to some…
Canadian Sanctity of Contract case offers hope for Guyana: Part 3
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 148 – December 24, 2024 Introduction The two previous parts set out the parallels between the Canadian Churchill Falls case and Guyana’s 2016 PSA. Both deal with agreements governing natural resources and involve the legal principle of sanctity of contract, which is common…
The cash flows in the PSA2016 could be rearranged so as to not cause Guyana to spend out its savings in its National Resource Fund
I wish to respond to the idea that the oil companies are granting Guyana a fair deal with their 50/50 billboard in which Guyana is getting one-half of the profits from sale of crude oil. Further, the ideas thrown about is half a loaf is better than nothing. This is very misleading in running a…
The sale of forest-based carbon credits by the government of Guyana was fraudulent
Dear Editor I support the statements of the Upper Mazaruni District Council (UMDC) which you reported on 28 June (‘Upper Mazaruni council restates that carbon trading consultations defective’). Any Amerindian Village Council can agree to dispose of natural resources of the titled Amerindian Village Lands only through compliance with sections 13, 14, 34 and 44…
We should be renegotiating royalties to some normalcy for the ever-increasing amount of oil being discovered
If our division was not race it would probably be religion or class or the hue of skin within a race or some other quotient. We humans have a propensity to create/embrace unnecessary barriers that hinder our progress. Money is such an attraction to our senses; we tend to see it as a cure-all, thus…
President Granger and his key aides must take blame for exploitative Exxon agreement
It is ridiculous to believe that “Trotman’s hurried negotiation would place him solely at fault for failure to capitalise on Guyana’s strong bargaining position” as Kaieteur News asserted in their article dated February 9, 2020 and captioned “Announcement of Liza-2 find, one day after contract signing, shows ExxonMobil’s dishonesty – Chris Ram”. The repeated overkilling…