Latest update July 30th, 2026 1:03 AM
Latest News
- Canadian firm pockets US$2.2B on Guyana gold field, country gets nothing
- ‘Indigenous people have suffered under ‘broken’ transport system for decades’ – APA’s Executive Director
- Protests spread to Den Amstel, Melanie over arrest of MV Barima crew members
- Opposition mobilises lawyers, warns families against signing compensation documents in MV Barima tragedy
- Taxi driver killed after truck collides with car at Goedverwagting
Blunt of the day
Sports
2026 ExxonMobil GSL T20 tournament… Kaieteur Sports – A spin barrage by the Perth Scorchers was the catalyst behind the collapse and eventual 14-run demise of the Guyana Amazon Warriors, who...
Features/Columnists
(Kaieteur News) – There comes a point when politics must give way to practical reality. The fate of the sunken M.V. Barima has now reached that point. The Leader of the Opposition has publicly offered to salvage, at his expense, the vessel. On its face, that may sound generous, but no serious...
Sir. Ronald Sanders
By Sir Ronald Sanders (Kaieteur News) – Few issues test the sovereignty of small states more severely than requests made by powerful friends. How should a country respond when cooperation is expected, but the proposed terms exceed its legal, financial and institutional capacity? That question...
The GHK Lall Column
Hard Truths by GHK Lall (Kaieteur News) – A tragedy of catastrophic proportions is now Guyana’s to manage. An old passenger ferry boat went to the bottom. According to news reports of Saturday, 73 bodies have been recovered and 76 rescued. Taking the official count of 179 passengers on...
Weekend Cartoon
No alternative to renegotiation
Aug 28, 2020 Front Page Comment, News
Exxon says it is amenable to a review but not the renegotiation of its contract. It says that renegotiation would compromise the principle of sanctity of contracts, which is critical for investment planning.
Renegotiation of contracts is not unusual, illegal, improper or unreasonable. It happens all the time. The central purpose of a review is to pronounce on what can be improved. Renegotiation, thus, is the natural progression, which flows from any genuine review of agreements.
The Government of Guyana cannot be all things to all people. The new government has not shown any sign that it is intimidated by Exxon or obligated to the Americans because of its support for electoral democracy.
Trinidadian Prime Minister, Keith Rowley rightfully said last year: “There’s a role for the government in ensuring that the people… while being participants in this very lucrative business, get more than crumbs that fall off the table.”
The government should not be unsettled by the threat of investment flight or the loss of commodity markets. ExxonMobil has greater reason to remain than to leave. Guyana is a rich vein of fortune for Exxon and its partners.
Guyanese has had enough of these red herrings that leave us hungry and hurting.
We repeat that it is time to renegotiate the Exxon contract. It must give Guyanese something better on which to hang their hopes.
As such, we proclaim that there is no alternative to renegotiation. Guyanese are entitled to a fairer share of their wealth. Renegotiation must follow any review.
Share this:
Discover more from Kaieteur News
Subscribe to get the latest posts sent to your email.
Similar Articles