“The rule of law is the first casualty of the ‘oil curse’.”
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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…
Entrenched Poverty in Guyana due to Poor Leadership
Alleviating and reducing poverty is the touchstone to determining governance and by far the most important criteria by which our political leaders must be judged from Guyana’s Independence to now. From poverty in our hinterlands to poverty in our urbanized ghettos to places which by their names underline poverty, such as Plastic City nestled on…
Guyana may become the next resource curse on steroids
If the PPP wins with a majority, Guyana may become the next resource curse on steroids, with lots of white-elephant projects.And if the ruling coalition wins with a majority, Guyana may continue to blunder along and give away its oil wealth.
Guyana stands to lose as much as US$108B from bad Exxon Deal – Chartered Accountant
Global Witness may say that Guyana could lose US$55B from the controversial Stabroek Block agreement between Government, ExxonMobil, Hess and CNOOC. But Chartered Accountant Nigel Hinds is of the view that the anti-corruption watchdog and its partner, Open Oil, were being modest. Hinds says that Guyana stands to lose as much as US$108B.In an interview…
Quintuple Tragedy: Guyana Oil Deals, Rusal, Bauxite Workers, Bauxite Union and Government
The Bauxite workers have been and are being treated in a crude and crass manner by the global aluminum giant Rusal, the Rusal corporation is the 90% owner of the Bauxite Company of Guyana Inc. (BCGI). The workers are also being underserved by the Guyana Bauxite and General Workers Union (GB&GWU) and the Government of…
Guyanese Court Fails to Hold Oil Companies to their Environmental Commitments
Yesterday, a Guyanese court issued a ruling in a judicial review action brought against the government and three companies — Esso (Exxon), Hess, and CNOOC Nexen — for failing to comply with the Environmental Protection Act. “Ironically, this ruling comes just as a new study shows the Deepwater Horizon disaster ten years ago had much farther-reaching (and still…
President Granger and his key aides must take blame for exploitative Exxon agreement
It is ridiculous to believe that “Trotman’s hurried negotiation would place him solely at fault for failure to capitalise on Guyana’s strong bargaining position” as Kaieteur News asserted in their article dated February 9, 2020 and captioned “Announcement of Liza-2 find, one day after contract signing, shows ExxonMobil’s dishonesty – Chris Ram”. The repeated overkilling…
Bridging Deed sells both patrimony and soul (4th. Instalment)
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 86 – February 7, 2020 Introduction It has been a week of fast-moving events. This past Monday (February 3), the London-based NGO Global Witness released a report Signed Away in which it made the claim that had Guyana properly negotiated the 2016 Petroleum…
Stabroek Bridging Deed (Thanks to Melinda Janki for copy)
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