Former presidential advisor Jan Mangal has warned that while cash payouts from oil revenue may have an important role to play in the future, at this point it could be a distraction from the larger goal of clawing back wealth. His reference in a Facebook post today to clawing back of wealth will be seen…
If our division was not race it would probably be religion or class or the hue of skin within a race or some other quotient. We humans have a propensity to create/embrace unnecessary barriers that hinder our progress. Money is such an attraction to our senses; we tend to see it as a cure-all, thus…
On Friday August 17th, the Stabroek News published a letter by Business Minister Gaskin titled, `Mr Hinds completely omitted the profit sharing component of the Esso deal’. The Minister’s math does not compute. His cost per barrel is significantly more than what both Hess and the IMF have stated. I will work backwards from the…
Here is an idea that should be given top priority. Guyana needs to build up an entrepreneurial class. Guyana needs to develop a class of Guyana’s Product Brands. (Currently Guyana has only one such brand -15-year-old rum. Europe and North America cannot get enough of Guyana’s rum). Guyana needs a dozen new export products not…
I hope the Green Paper on the proposed Sovereign Wealth Fund (SWF) is a work in progress. The paper outlines a fiscal rule for withdrawals and the passive investment strategies for the foreign assets that will make up the Natural Resource Fund (NRF). It is quite intuitive why a NRF is necessary. It’s like a…
1. What wisdom can you find greater than kindness. 2. What justice can you find greater than a fair contract. 3. What courage can you find greater than to fight for what is right. 4. What temperance can you find greater than perseverance. Wisdom, Justice, Courage and Temperance, these are the virtues that have stood…
A question: Is/was Sir Shridath Ramphal an adviser to JHI or Mid-Atlantic (who are now Joint Venture partners with Exxon and Total in the Canje Block offshore Guyana) ? Is/was he associated with any oil company in Guyana? If so, did he disclose this to Cabinet or the Ministry of Foreign Affairs, and when?
Reference: Environmental Impact Assessment for Liza Phase 1 http://www.oggn.website/wp-content/uploads/2018/01/Volume-I-Liza-Phase-1-EIA-1.pdf
