K
AIETEUR NEWS
Guyana’s largest selling daily & New York’s most popular weekly
Why was the US$1M
Thursday Edition December 03, 2020 - Vol. 13 No. 48
bank deposit by James
Online: www.kaieteurnews.com Online Price $80 readership yesterday p. 995,588
Bond not red-flagged?
8
Avoid being trapped; sign short term oil, gas deals Updated Petroleum And Environmental Laws Will Keep - Institute Exxon In Check p.
of the 3 Americas
Govt. sues firearms dealer over failure to honour $380M weapons deal with GDF p. 14
Chinese contractor 30-year sentence demands more money for ex-GDF rank for completion of CJIA who killed expansion project toddler in fire p. 20
p. 11
Corruption of public officials…
p. 23
Nigeria oilfield sale by - lawyer Minister was legal tells court
R e c e n t l y, w e s p o k e a b o u t t h e 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.
National Printers sends non-cooperating Finance Manager on leave - asks Audit Office to investigate purchase of used $100M p. 3 printing equipment
Listen to what your leaders don't want you to hear and know...11:00 am today on 99.1/99.5FM radio (Rebroadcast)