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Why is it so hard for Government/EPA/Oil operators to release all insurance policies and related documents to show proof of insurance?

Aug 10, 2022 Letters

Dear Editor,

Kaieteur News – I call on the PPP Government/EPA, Exxon/HESS/CNOOC to release all insurance policies and related documentation on this ongoing vexed question of whether the oil companies have adequate insurance in the event of an oil spill. Mr. VP, as you would say, this is a “no brainer.”

Civic Society, environmentalists and the concerned public at large have been following this simmering debate of whether the Government and EPA are doing due diligence for the safety and security of the environment in ensuring that the oil operators have adequate insurance to cover all damages and consequences of oil spills. A recent article stated “ExxonMobil, EPA, Vincent Adams clash over ‘full liability coverage’ ” (SN, August 8, 2022).

Of these three parties, I would choose to believe the story of Dr. Adams. Of the three, he is the only one speaking on behalf of the people of Guyana and those who want peace of mind that when Exxon and friends will soon have 50 wells operating at the same time and the risks are high, that we are covered in the event of an oil spill. Nation, is it wrong to ask for proof of insurance, since we are unsure whether there is insurance or not? Why is the Minister and EPA unwilling or afraid to release the policies and related proof of insurance, to assuage the fears of the nation?  When the police stop a vehicle on the road, the first thing they ask for is licence and insurance on the spot. Don’t they? Can you tell the policeman, don’t worry about it, I have the policy at home and it’s all good, and if I make an accident, I will pay for it? Would he not haul your sorry self to the police station, charge you, and probably impound your car? We need the EPA to be our police not to sound as if they are the PR arm of the oil companies. The people have a right to see the insurance documentation for all the projects. We have low trust in the Government, EPA and oil companies. They seem to be on the same side and the same team versus the people of Guyana.

Also, if you have a new car, would you not buy comprehensive and collision insurance instead of  the bare minimum liability insurance? The Government knows the issue of insurance is a big deal for the people of Guyana, so why would the Government not release the documents to put our minds at ease? Does the Government think Mr. Glenn Lall, KN, SN and Civil Society would go away if they keep playing hardball? Why does the EPA/Government have to be forced to show transparency and accountability on such an important issue? The EITI and Escazu, World Bank, IMF and international agencies are watching on to see what the Government side will do. It’s our country and our wealth, and we watching you, watching you. Release all insurance documentation now!

Sincerely,

Dr. Jerry Jailall

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