No legitimate Borrower
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Investigate all World Bank funded projects –Int’l Lawyer, Melinda Janki
International Lawyer, Melinda Janki, has called on the President of the World Bank, Mr. David Malpass, to immediately investigate all contracts that fall under the US$20M Guyana Petroleum Resource Governance and Management Project. International Attorney-at-Law, Melinda Janki Her appeal to the World Bank President is premised on the fact that at least two ExxonMobil linked…
Guyana needs protection from having to sell oil at a loss
Many of the world’s oil producers have recently agreed to cut back oil production by 10 million barrels a day. The world is in quarantine mode. Demand for oil has dropped significantly. If demand drops and supply stays the same, then the law of demand and supply would tell us the price of a commodity…
Exxon has bet its future on Guyana but has turned a blind eye in the time of our greatest need
Over the last few weeks, Exxon has been busy reassuring its shareholders they will receive their dividend cheques and donating meals and cash to those in need in New Mexico and Texas. This signals where Exxon’s priorities lie, in terms of those who benefit from the profits of its operations, and it is clearly not…
Country needs legitimate, proactive gov’t to protect the people from coronavirus
The Coalition has been plying a narrative, over the last few years, that we should accept the atrocious oil deal with Exxon because the US would help defend the company and our country against Venezuelan aggression. But it is now hard to contemplate that the coalition believed its own rhetoric. Given its recent defiance of…
GRA cannot accept any Exxon claim for recovery of pre-contract costs without solid legal authority
The Guyana Revenue Authority says it is examining the audit report for US$460M of ‘pre-contract costs.’ Irrespective of any audit by IHS Markit, or anybody else, the Guyanese people are not liable for any ‘pre-contract costs’ unless three conditions are met. One: Clear legal authority. Where was Raphael Trotman’s legal authority to agree to ‘pre-contract…
Guyana would still get US$250-300M from first year of oil if royalty is at fair 15% – Dr. Jan Mangal
Former Petroleum Advisor to the President , Dr. Jan Mangal has said that Guyana would still get a substantial revenue share from oil even when the price is sent crashing, once royalty on every barrel is set at a fair level of 15 percent. He made these and other comments in a recent Facebook post.Initially,…
Get on with the national task of rescuing Guyana’s economy from crashing oil prices
It must be obvious to everybody, except the most deluded, that the APNU+AFC coalition did not win the election held on 2nd March. If APNU+AFC had won, Mr Mingo the returning officer would have verified the official Statements of Poll and tabulated the results openly and transparently as demanded by all of the other political…
“The rule of law is the first casualty of the ‘oil curse’.”
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WORLD BANK SUPPORT TO GUYANA MEGAPROJECT UNDERCUTS PROMISE TO STOP FUNDING FOSSILS
The World Bank is undercutting its own carbon reduction commitments and putting entire Caribbean ecosystems at risk by directing US$55 million to support fossil fuel extraction off the coast of Guyana, campaigners at Sassenberg, Germany-based Urgewald charged yesterday, after a Guyanese high court cleared the way for colossal fossils ExxonMobil, Hess, and CNOOC to continue…