Exxon’s Gas Flaring is Latest Sign that Oil May Turn Guyana from Carbon Sink to Carbon Bomb

As ExxonMobil holds its 2020 Annual Meeting of Shareholders today, the Center for International Environmental Law (CIEL) calls on the company to stop flaring gas offshore in Guyana, the site of its biggest oil development outside the U.S. Permian Basin. The flaring, which far exceeds levels authorized by the Guyanese government, releases greenhouse gases and…

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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…

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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…

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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…

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