Kaieteur News

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VP Jagdeo NEWS defends incentives given to oil companies AIETEUR

Thursday Edition

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January 07, 2021 - Vol. 14 No. 01

Online: www.kaieteurnews.com

Guyana’s largest selling daily & New York’s most popular weekly

Price $80

Online readership yesterday, 91,949

Chatham House Expert

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says gas-to-shore project must be affordable

- Insists it cannot be seen as “end all”

President Trump blocked from Facebook, Twitter and Instagram Peacemaker Passengers $864M in knocked hijack taxi at payment vouchers not out while presented ‘Policeman attempting for audit to part fight Corner’ - AG Report p. 12

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Gunmen open fire on home of Ponzi Scheme operators

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Guyana’s lawless giveaways affect our neighbours too Brazil is a regional neighbour hit hard by the sellout, backward behaviour of Guyana’s political leaders. The low standards and returns which Guyana negotiated are pressuring countries to relax strict industry protections. As a consequence, the Brazilian stateowned oil company, Petrobras, is threatening to set the company’s sights on Guyana unless environmental permits are expedited. The precedent set by Guyana, through its oil giveaways, is threatening a backlash in our relations with Brazil. When Guyanese leaders giveaway the nation’s oil wealth for ‘next-to-nothing’, this places Brazilian regulators in a difficult spot. Oil companies, including state-owned oil companies, can now demand that Brazilian regulators grant to them nothing less than what the oil companies obtained in Guyana. The capitalist system is about competition. Oil companies are bloodthirsty sharks competing globally for oil assets. They will move their investments to where they can obtain the best terms. Oil companies will flock to free-for-all markets such as Guyana where they can benefit from lax regulation and breakneck terms. This is good for oil companies, but will not benefit Guyana. It will have ramifications for economic development in Brazil and for that country’s relations with Guyana. Brazil is no push-over. PETROBAS – the Brazilian Petroleum Corporation – is angry. And the Brazilian government, in turn, has ways and means of apprehending us for lowering the sector’s negotiating benchmarks.

Exxon caves in to their investors’ call for truer environmental impact report

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Hear how Guyana is losing US$ billions without a depletion policy. Listen all about it on The Glenn Lall Show 11am today (Rebroadcast)


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