Latest update April 19th, 2026 12:46 AM
Latest News
- Exxon quietly investing Guyana’s profits into Stabroek Block while country patiently awaiting increased earnings – Ram
- African nations tightening grip on mineral wealth
- Iran fully closes Strait of Hormuz over U.S. blockade and fires on ships
- Optique Vision Care opens Guyana’s first specialty Eye Hospital
- Exxon and partners profits soar to US$29B in 5 years while Guyana received US$5.4B in 50/50 partnership
Ambassador Hinds should withdraw his letter
Dear Editor,
I refer to a letter captioned, ‘Let’s feel good about what we are getting from our oil’ written by His Excellency Samuel Hinds, Ambassador, Former Prime Minister, and Former Acting President of the Cooperative Republic of Guyana.
In that letter, it is stated… ‘If we have troubles absorbing the US $4.4 billion according to some reports, what more troubles we would have had in absorbing U.S. $10 billion! Sometimes there could be too much of a good thing.’.
This comment is highly disturbing and a troubling concept, for the US$10 billion collected can be placed in a bank account, earn interest and be available for current and future generations. The Natural Resource Fund (NRF) is one example of this opportunity. I contend that this generation cannot leave a hole in the ground, an empty bank account, and sky-rocketing national debt. Moreover, we have poor people who are currently struggling: teachers, nurses, farmers, other workers.
Editor, a withdrawal of this appeasement from Ambassador Hinds would be in order, if he wishes to continue protecting the interest of Guyana; for the role of an Ambassador is to represent their home country’s government and promote their nation’s interests, policies, and viewpoints.
Sincerely,
Dr. C. Kenrick Hunte
Professor and Former Ambassador
Share this:
Discover more from Kaieteur News
Subscribe to get the latest posts sent to your email.
Similar Articles
THE BLUNT OF THE DAY
Sports
Features/Columnists
Sir. Ronald Sanders
The GHK Lall Column
Weekend Cartoon
