Opinion
Sale of forest carbon credits is legitimate only if there is a policy and associated activities to add more forest area, or accelerate the growth of trees
Is Guyana trying to join the ‘carbon cowboys’ who hoodwink politicians and incautious citizens into paying for what Nature provides at no cost to humanity? Guyana’s natural tropical rainforests are in dynamic equilibrium. What they breathe in and photosynthesis by day, they mostly respire back to the atmosphere by night or lose through natural decay…
Wealth includes the value of Natural Resources
In a recent presentation by President Ali, he stated that “…We have seen around us countries that made the mistake of treating oil of treating natural resources revenue as wealth you’ve seen … Trinidad and Tobago Venezuela natural resources revenue is not wealth is revenue to be invested to create wealth… and that is what…
Oil companies using profits from Guyana operations to finance `investments’
Imagine you’re at a casino and take $8 from your wallet and make a bet that results in winnings of $300. You then decide not to risk any of your original capital (the cash from your wallet) and only bet your $300 in winnings going forward. At that point, you are playing with house money or “free money.”…
Lopsided PSA should be on the next parliament’s agenda for correction
In keeping with Article 15.6, page 42 of the Production Sharing Agreement (PSA), the Government of Guyana is assigned the burdensome task of paying the taxes of the oil consortium (EMGL, Hess, and CNOOC) from its share of oil profits and royalties. This contractual arrangement is unheard-of; as it discriminates against other local companies which…
ExxonMobil Guyana Limited – Tax Expense from 2020 to 2024 (USD$)
ExxonMobil Guyana – Income Tax Expense Report 2020-2024 USD$ ExxonMobil Guyana Limited Income Tax Expense Analysis • 2020-2024 Income Tax Expense Summary USD$ Year Income Tax Expense (USD) 2020 $0 (no tax expense) 2021 $0 (no tax expense) 2022 $284,813,567 2023 $662,906,474 2024 $1,248,000,000 Total (2020-2024) $2,195,720,041 Visual Analysis Income Tax Expense Progression Key Insights…
World Bank data continues to display Guyana’s poverty rate as 48% which contradicts other assessments that it has halved in three years
In spite of the oil-induced inflation of Guyana’s economy, a walk through Georgetown will show rampant poverty and homelessness. The same is true in many areas along the coast. The World Bank assessed in 2022 Guyana’s poverty rate as 48 per cent of the population living below the poverty line of USD 5.50 per day;…
Diaspora, Oil and Climate Change:Some Issues for Guyana
See video here: https://youtu.be/Vj_086ZqiVU?t=3428
Walking with Exxon down the path to the Resource Curse
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 164 “State capture is understood as efforts by private actors and public actors with private interests to redirect public policy decisions away from the public interest, using corrupt means and clustering around certain state organs and functions.”: Transparency International, Examining State Capture (2020),…