Question for the Minister of Natural Resources

On 19 March, Kaieteur News carried a Department for Public Information report that Guyana has again sold jurisdictional forest-based carbon credits (https://kaieteurnewsonline.com/2026/03/19/guyana-sold-carbon-credits-to-19-airlines-under-lcds-framework/). No price has been reported, nor any transactional costs which must be carried by Guyana for the entity, which makes the estimate of how many carbon credits are available for what period, or for an independent…

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What does Guyana gain from the buying and selling of petroleum concessions? A big fat gander egg

ExxonMobil has concentrated on its ‘golden lane’ of wells drilled in the southeastern part of the huge Stabroek Tract (Block) concession, now of 2.68 million hectares.  Exxon has also had a brief look at deeper concessions (Kaieteur Tract) and shallower areas (Canje Tract, formerly part of the original Stabroek Tract of 600 graticular blocks in…

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Guyana’s income from petroleum management compared with Gulf of Mexico and Pennsylvania

Income from new shallow-water blocks offshore Guyana versus Gulf of Mexico Minister Vickram Bharrat was pleased to remind the National Assembly during the second day of the Budget 2026 debates that Guyana had gained USD 22 million from ‘two recently signed petroleum agreements’ (https://dpi.gov.gy/ppp-cs-transparent-oil-management-sets-guyana-apart-from-coalitions-secretive-record-min-bharrat/).  It was not clear from where the Minister found his USD…

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The Gov’t must clarify Guyana’s position on ExxonMobil’s CEO Woods’ comment about ‘force majeure’

In Guyanese Creolese, the word ‘basiddey’ means ‘being in a state of mental disorientation or confusion, dazed, dumbfounded’.  The oil giant ExxonMobil certainly seems to have acquired expertise in sowing a state of ‘basiddey’ in successive governments in Guyana. Relinquishing areas Last year, in early July 2025, the government announced that ExxonMobil Guyana Limited (EMGL)…

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Government must release all oil and gas related data retrieved from oil companies to the public

The Minister for Natural Resources, like Christopher Columbus, has discovered that Guyana’s petroleum legislation allows for retrieval of information generated by the oil companies; see ‘Govt. demands immediate information on oil discoveries in new PSA’ and ‘Exxon must provide daily drill data, ROV images’, both in Kaieteur News (December 9, 2025). Minister Vickram Bharrat referenced…

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The scale of Closed Areas Committee economic rent redirected away from GGMC could be beyond our imagination

Among the disclosures which ‘top miner’ Azeem ‘Junior’ Baksh made to journalist Travis Chase on 27 March 2025, and aired on 12 August 2025, (https://www.facebook.com/watch/?v=3980217925561620) were his interactions pertaining to the Geology and Mines Commission (GGMC) Closed Areas Committee. ‘Closed Areas’ refer to lands hitherto held under large-scale Prospecting Licences that are progressively released by…

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Are members of the GGDMA providing money, security and bodyguards ‘free of charge’ to the PPP?

On 27 August 2023, the Guyana Chronicle reported on a Guyana Gold & Diamond Miners Association (GGDMA) awards ceremony: ‘Among the distinguished awardees were: … Gold Target Export – Recognized as the leader among Top Gold Traders’. One of the photographs featured in the Guyana Chronicle report was of Azeem Baksh, of Gold Target Export,…

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