If one adds the collective losses from contracts that were mismanaged; investments that fell through, like the glass factory under Burnham and the Skeldon Factory under Jagdeo as well as the Marriott; if you also consider all that was given in bailouts and loans to agencies that had to be written off; those losses will pale in comparison to what we have given away with this single Exxon oil contract.
That is the perspective offered by Accountant, Nigel Hinds.
Hinds said that there is no sharing in what is being called a Production Sharing Agreement. He said that it seems like every line in the agreement favours ExxonMobil.
Nigel Hinds
February 2nd, 2018