Income Tax Expense Chart 2019-2024 Income Tax Expense by Year ExxonMobil Guyana Limited (Guyana Branch) – 2019 to 2024 Key Observations: No income tax expense recorded for 2019-2021 Significant tax liability began in 2022 ($284.8M) Tax expense more than doubled in 2023 ($662.9M) Highest tax expense in 2024 ($1.248B), nearly doubling again * All amounts…
The Oil and Gas Governance Network (OGGN) is following up on its letter on the apparently bogus claims about the creation of 50,000-60,000 new jobs with a query about Tara Singh’s claim on the halving of poverty in Guyana (https://www.stabroeknews.com/2025/06/08/opinion/letters/we-cannot-account-for-ppp-c-claims-of-employment-increases-of-50000-or-60000-new-jobs-over-2020-2024-period/) . Tara Singh made the claim about poverty reduction in his letter published by Stabroek…
In October 2023, Vice President Jagdeo claimed that the PPP had fulfilled a PPP Manifesto promise by creating 50,000 jobs [https://newsroom.gy/wp-content/uploads/2019/11/pdfresizer.com-pdf-resize.pdf ], in just over 3 years since returning to power, but without providing any evidence for his claim (https://www.stabroeknews.com/2023/10/12/news/guyana/govt-has-fulfilled-promise-by-creating-50000-jobs-jagdeo/ ). In May 2025, Tara Singh claimed the Government added more than 60,000 jobs between 2020 and…
Dr Gampat is raising very important issues in his letter, SN 2025-06-04, related to the adequacy of financing of Guyana’s economic development thrust through the Central Government Budgetary revenues and expenditures. He also noted the dual nature of the economy, namely, oil and non-oil. He argues for the use of Guyana’s non-oil Gross Domestic Product…
President Ali disappointedly betrayed the nation with his assent to the Oil Pollution Prevention, Preparedness, Response and Responsibility Bill (the Bill), ignoring the numerous troubling concerns and forebodings brought to his attention by eminent Guyanese, Caribbean and other international experts including a scathing rebuke by the Commonwealth Lawyers Association citing the Government for breaches of…
Now that the President has assented to the Oil Spill Bill against all sound advice, including that of the Oil & Gas Governance Network (OGGN), we must not succumb to the consequences without asking for the surety, which I rate as the unspoken defence the Government thinks they have if they are taken to court….
The Oil and Gas Governance Network (OGGN) supports the broad spread of objections to the highly defective Oil Pollution Prevention, Preparedness, Response and Responsibility Bill, passed narrowly by the National Assembly of Guyana on 16 May 2025, but not yet given Presidential assent. This broad spread includes at least the following protests published in the daily…
Attorney General (AG) Nandlall keeps getting away with a free pass hiding behind: (a) the soliloquy of his weekly programme where he amusingly argues with himself; and (b) the obliging interviews by his fawning PPP/C interviewers, without having anyone to challenge and expose in real time, his ignorance and propaganda. Unfortunately for the AG, he…
Reference is made to Genevieve Glatsky’s May 25 New York Times article entitled “Venezuela Plans Vote for Disputed Oil-Rich Territory”, which contains several critical inaccuracies. First, Essequibo is not “oil-rich.” All commercially viable oil discoveries lie offshore, in the eastern and southeastern parts of the Stabroek Block, east of the Essequibo River delta and well…
The Oil Pollution Prevention, Preparedness, Response and Responsibility Bill 2025 (the Bill) is nothing but an all-time brazen scam perpetrated by the PPP/C to cancel Judge Kissoon’s decision, and bears out a bold-faced election time deception by the PPP/C that they will include unlimited liability coverage in the Bill after waging a 5-year rabid war…
