Does sanctity of contract also apply to Exxon?

President Ali frequently parrots the “sanctity of contract” in discussions of the Stabroek Block Petroleum Agreement (PSA) to convey that Guyana cannot change the contract. Yet the agreement was amended on April 26, 2019, by President Granger, to ensure that the 2% royalty could not be treated as a recoverable cost (see Stabroek News). Thus,…

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Solar power vs. expensive Gas-to-Energy project

              The Kaieteur News editorial of Saturday April 11 on the Aurora Gold Mines (AGM)[i] solar farm displays current evidence of my advocacy of solar power instead of the expensive Gas-to-Energy (GtE) project, which enriches foreign investors and contractors.               12 years ago, I set up a small home solar power system, which still supplies…

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