Latest update March 21st, 2025 7:03 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

Insurance coverage and project viability

Jul 25, 2022 Letters

Dear Editor,

The debate over unlimited insurance coverage in the event of an oil spill ignores the middle ground where cooperation between the two main parties is achievable. The discussion needs to consider what is possible, and be based on estimates of the cost of such coverage with their impact on the financial models of the projects being undertaken. Only an informed discussion will allow the National Assembly to make progress in improving the coverage needed for financial gains of the oil sector to be protected. Companies such as Exxon know what is needed and required to continue to do business in an environmentally responsible manner.

The case studies of the worst oil spills in our planet’s history will help inform the National Assembly of the protective measures that have been put in place to allow for environmentally responsible and profitable extraction of oil. As a Nation that is a part of the Amazon and the Guiana Shield, we must ensure that those operating in the oil sector are utilizing best in class safe guards to protect our environment. A substantial financial penalty and excellent insurance coverage will help ensure that our suppliers are significantly reducing the risk of their oil extraction operations.

Best regards,
Mr. Jamil Changlee
Chairman
The Cooperative Republicans of Guyana

Similar Articles

The Glenn Lall Show|| March, 17th, 2025

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

NSC, Office of the DPP to host Criminal Law and Sexual Offences Act meeting tomorrow

NSC, Office of the DPP to host Criminal Law and Sexual Offences Act...

Mar 21, 2025

Kaieteur Sports– In a proactive move to foster a safer and more responsible sporting environment, the National Sports Commission (NSC), in collaboration with the Office of the Director of...
Read More
Lucas Chung maintains strong standing at 2nd Qualifier

Lucas Chung maintains strong standing at 2nd...

Mar 21, 2025

Farm Supplies Ltd. supports Bartica Regatta 2025

Farm Supplies Ltd. supports Bartica Regatta 2025

Mar 21, 2025

Legislation and Investment: Trinidad to Brazil, Guyana finds new lifeline

Legislation and Investment: Trinidad to Brazil,...

Mar 21, 2025

Three more matches billed for this weekend

Three more matches billed for this weekend

Mar 21, 2025

CM Khan rules at 2025 National Blitz Chess Championships

CM Khan rules at 2025 National Blitz Chess...

Mar 21, 2025

Features/Columnists

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]