Latest update April 20th, 2026 4:49 AM
Latest News
- Gas-to-Energy contractor sourcing materials, services at inflated costs from shell companies
- Guyana paid US$264.6M in debt servicing for 2025
- Iran vows retaliation after U.S. seizes ship near Strait of Hormuz
- Fire leaves family homeless after morning prayer
- Man kills drinking buddy in scuffle over $1000
THE BLUNT OF THE DAY
Sports
…West Ruimveldt, Charlestown and Santa Rosa keep title in sight Kaieteur Sports – The road to schoolboy football glory is heating up, and the Petra Organisation made sure Sunday was nothing...
Features/Columnists
(Kaieteur News) – Guyana’s Low Carbon Development Strategy (LCDS) has been internationally praised as an attempt to convert natural capital into financial capital without cutting down forests. The country’s vast tropical rainforest, covering more than 85% of national territory, functions as...
Sir. Ronald Sanders
By Sir Ronald Sanders (Kaieteur News) –As with all my commentaries, this one is strictly in my personal capacity, drawing on more than fifty years of engagement with Caribbean affairs and a lifelong commitment to the cause of regional integration. I do not speak on behalf of any government or...
The GHK Lall Column
Kaieteur News – It’s one of those situations crying out for help. The best I can do, other than offering professional help, is to raise an alarm about a case that is worrying in all of its elements. It’s the Saga of Elizabth Shivpersaud. If this distressed, shorthanded, hollow-eyed,...
Weekend Cartoon
Updated Petroleum And Environmental Laws Will Keep Exxon In Check
Dec 03, 2020 Front Page Comment, News
Kaieteur News – Recently, we spoke about the modernization of our country’s petroleum laws. This is absolutely necessary to protect our oil wealth.
However, this need can be used by our politicians for their benefit and that of the international financial community. It can also provide the opportunity for the World Bank to lend us more money, thereby saddling us with further debt.
In the meantime, we must scrupulously monitor how our environmental laws are being enforced. Guyana’s environmental laws provide some protection against the excesses of the oil companies.
Exxon stands as the greatest threat, potentially the most likely polluter of our environment.
The company is in a hurry to extract the most oil in the shortest time, given its poor balance sheet, shareholder anxieties, and its contractually sanctioned ability to produce oil here cheaper than anywhere in the world.
Things are so good for Exxon in Guyana, that we are paying the bulk of the company’s expenses to produce our oil.
Modernizing petroleum laws without, at the same time updating the country’s environmental laws, will only invite more well-arranged reviews that benefit producers and politicians to the detriment of the country.
We must continue to watch, apply pressure, and implement our environmental laws with integrity and consistency while we modernize the country’s petroleum laws.
Updated petroleum and environmental laws will keep Exxon in check, make it think twice about abusing our resources and give us much-needed breathing room to protect the environment.
Share this:
Discover more from Kaieteur News
Subscribe to get the latest posts sent to your email.
Similar Articles