There are important issues raised in Joel Bhagwandin’s [JB] letter in SN – March 26, 2023 that are very important for Guyana, as the new oil economy unfolds. Principles related to ownership rights and corporate funding determine future incomes earned from such ownership rights. Future tax payments are also related to the classification of corporations…
You extracted from a press release by the Office of the Vice President in your article ‘APA withdraws from Carbon Credits appeal process’ (SN October 30, 2023). The Vice President’s Office is yet again misleading the people of Guyana by implying that the National Toshaos Council (NTC) has authority to surrender control to the Guyana…
Observers say the PPP/C is stealthily rushing its new NRF bill (and repealing the APNU+AFC’s NRF Act already passed) while the nation is distracted by yearend festivities. Knowing how “politricks” work in Guyana, this is a plausible explanation for the rush. Exxon, Hess and CNOOC are shipping away the bulk of our oil wealth, leaving…
You are warmly invited to join us for a Moray House Trust panel and discussion: Title: Oil, Gas and the Environment: a reviewSpeakers: Dr Vincent Adams, Frances Carryl (EPA) and Melinda JankiDate: Thursday 9th June 2022Time: 3.00 PM Guyana/ NY/ Toronto …
The Production Sharing Agreement (PSA) that Guyana has with ExxonMobil is fraught with opportunities for abuse. In fact, these very loopholes could result in a significant dent in the revenue Guyana is supposed to get from the oil find by the operator. This was noted by the International Monetary Fund (IMF) in a report that…
Dr. C.Y Thomas, in his column of Sunday 17th April last (https://www.stabroeknews.com/2022/04/17/sunday/guyana and the wider world/critiques-2-3-exxonmobil in the courts of law and public-opinion/) under the guise of a critique of ExxonMobil, continued his ridicule of those of us calling for guaranteed compensation in the form of insurance against any damage to the environment of Guyana and that…
On 7 October at 3pm EST, the Global Network for Human Rights and the Environment (GNHRE) and the Special Rapporteurship on Economic, Social, Cultural, and Environmental Rights at the Inter-American Commission on Human Rights (REDESCA) are hosting an extraordinary panel of speakers who will come together to discuss the Escazú Agreement, challenges associated with its implementation and the…
Major Guyanese newspapers have been exposing numerous issues surrounding the oil contracts. One positive change, as a result of their relentless efforts, was having the Ministry of Natural Resources publish Guyana’s oil lift data. Additionally, it appears that the Extractive Industries Transparency Initiative (EITI) reviews have had some impact because a new website has appeared…
Every Man, Woman and Child in Guyana Must Become Oil-Minded (Part 64) Introduction Figures contained in the 2017 financial statements of Esso Exploration and Production Guyana Limited indicate that the three-party set up of Esso, Hess and CNOOC Nexen will spend well over five hundred billion dollars ($500,000,000,000) up to December 2019. The three companies…
President Irfaan Ali ring-fencing is an important concern that has engaged the attention of the Guyanese people; but Guyanese policymakers do not want to take any action to establish ring-fencing in each of the oil projects that are currently extracting and exporting oil from Guyana. When there is no ring-fencing, the people of Guyana are…
