Dear Editor, From your lead article on Justice Rishi Persaud’s ruling on the matter of the Appeal against the lower court Judge Sandil Kissoon’s order requiring Exxon to provide unlimited PCG, I read as follows (SN June 9th): Justice Rishi Persaud ordered: “. . . [Exxon] to lodge US$2 billion in guarantees within the next…
I refer to Robin Singh’s letter in SN of May 24th titled: “An unlimited parent guarantee must be backed by an asset register”, and wish to respond as follows: Robin Singh argues, “it must be backed by an asset register, all of which would then be under lien and would require Guyana’s assent for any…
If I were in the GoG, I’d insist Exxon sign the PCG letter agreeing to Full Liability Coverage. Sign the letter – and go on with your Oil Drilling. Observe Safety Rules. End of story. All oil drilling is done on a Wing and a Prayer. Hope an accident never happens – but if it…
Former EPA chief Dr. Vincent Adams has said many times that Full Liability Coverage (FLC) as enshrined in the permits, equals insurance plus a parent company guarantee to cover “any” costs above insurance. In mathematical parlance: Full Liability Coverage = Insurance + Parent Company Guarantee for all remaining costs. Parent Company Guarantee is simply a…
VP Jagdeo himself, admitted on the Glenn Lall show that “yes, full liability coverage is in all of the permits”; and in his August 19, 2022 press conference, exclaims “it is by law and by the permit they have to do this. Full coverage: that is an obligation…that’s what the oil companies understand is that…
I write with reference to Darsh Khusial’s letter titled: “What evidence is there of an EITI extension?” in SN edition of Feb 24th. Darsh Khusial has done some excellent research – looking up those websites – and now demanding proof from President Ali that an extension had been granted. One of the characteristics of the…
Allan A. Fenty says: ‘Mind you re-negotiation can happen if ever an oil giant knows it will still be reaping whirlwinds of profit on investments. I have some gut feeling that Exxon and its subsidiaries are not such” (SN August 26th). Mr. Fenty’s statement is filled with ambiguity, wishy-washy; very uncharacteristic of him. Do not…
‘Exxon and Chevron Report Record Profits on High Oil and Gas Prices – The energy industry’s windfall has followed a spike in prices, resulting mostly from Russia’s invasion of Ukraine, and a global economy rebounding from the coronavirus pandemic.’ This is a front page story today in NYT. It is amazing SN updated and printed…
“Guyana races against the clock to bank its oil bonanza”, is the title of an article by Reuters, published on Yahoo online news (July 18th). The author, Sabrina Valle had a face-to-face interview with Mr Jagdeo in which he said the following (to paraphrase): Mr Jagdeo argued that calls to halt the developments for the…
Dr. Tulsi Dyal Singh writes: I spoke about the flaws in the PSA at length at my Moray House talk three years ago. In fact, I tried to console the audience with a riff based on that old primary school poem, “If”. (SN July 5th). I don’t know what Dr. Tulsi Dyal Singh said about…
