By Stabroek News July 17, 2022 Dear Editor, In a recent article it was reported that Vice President Jagdeo stated, among other things, that a larger share of its oil revenues sooner, would not benefit the country. In fact, if it comes in, he said, “…we can’t spend it all… (positing that) …it comes inflationary.” Certainly,…
The Irfaan Ali led administration is steadfast in its plan to land a multibillion dollar pipeline at Wales, West Bank Demerara, for the proposed gas-to-shore project despite the widespread criticism it has faced from industry experts.Many share the same concern that Government is moving too fast and should pump their breaks, at least until a…
What is in danger of being lost in the furore surrounding the temporary suspension of Guyana’s Extractive Industries Transparency Initiative (GYEITI) is that unless the Government mends its ways, it is courting more serious sanctions. Recognizing that the ultimate authority in the EITI is the Multi-Stakeholder Group (MSG) is the critical issue at stake. A…
In our previous articles, we have charged that the contract is illegal for the simple reason that at its root the contract is based upon an illegality, to wit, the issuance of the entire area of 26,800 square kilometers under a single licence instead of as the law required, 6 or more independent pieces each…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 103 – March 3, 2023 Introduction On 22 February 2023, the Guyana High Court handed down its decision in the action brought by newspaper publisher and crusader Glenn Lall. The action was filed on 22 January 2022 naming the Attorney General as the…
“If they don’t do a good job, they could end up blessing something that is actually bad. They may say ‘yes we checked. There is no evidence so we are not doing anything.’ So what you have…is a government entity that has allowed the oil companies to defraud the country…” – Dr. Mangal Even though…
Dear Rainforest Foundation Norway We noted with surprise a congratulatory message attributed to Rainforest Foundation Norway on the issuance of Winrock-ART’s TREES jurisdictional forest-based carbon credits to Guyana on 5 December 2022 (Department of Public Information (2022) ‘Sale of carbon credits: $157B for investments in low-carbon development across Guyana’, Department of Public Information, 21 December. Available…
The oil companies appear to be pressuring the government to approve the Payara project. Before we proceed with any more approvals, we should clarify mathematical anomalies between Liza Phase 1 and Liza Phase 2 that may save us billions of US dollars; verify the pre-contract costs; hire qualified people and create the institutions/regulations so we…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 147 Last week’s part 1 of this mini-series dealt mainly with the court case and subsequent renegotiation of the Churchill Falls Hydro project in the Canadian province of Newfoundland and Labrador. In that case, the Canadian Supreme Court rejected an application for an…
I refer to the letter in Stabroek News yesterday in which the Insurance Association of Guyana has spoken up. It is nice to see that my old association is taking a public stand in representation of the insurance industry and its capabilities, and in the process, correcting the false notion that Guyana is unprepared for…
