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…

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The dark side of Guyana’s oil discovery: Venezuela’s territorial aggression

Introduction Under Section 31 of the Petroleum Act, official notification was given last month, by ExxonMobil and its partners (Nexen Energy and Hess Corporation), to the Government of Guyana confirming the find (discovery) of commercial quantities of oil and gas in the Stabroek Block. A few weeks later, in today’s column I conclude my commentary…

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President Ali must not take the people for granted, arrogance of Ministers would not be tolerated

President Ali’s promises of being results-oriented, and promises of transparency, efficiency, and accountability are very refreshing and inspiring. The PPP has come to power with enormous goodwill from people locally and from many people, countries and international organizations abroad. Everybody was cheerleading and rooting for the PPP. The whole world was arrayed against the PNC…

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