Barbados’ Prime Minister, Mia Mottley, on Tuesday proposed that new fossil fuel exporters like Guyana set aside at least 10 percent of their revenues into a fund for renewable energy, an idea that President Irfaan Ali said would require detailed study. “We believe that we should propose an accord among the new energy exporters to invest more than 10 percent ...
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AFC says opposition should sit on wealth fund board, despite concerns about passage of law
The Alliance For Change (AFC) on Monday said it was keen on nominating an expert to be a member of the Board of the Natural Resource Fund (NRF) to scrutinise spending of the oil money, while maintaining that the new NRF Act was badly structured and rammed through the House. “Good politicians that like good governance then realise that, although ...
Read More »USAID report recommends APNU+AFC, PPP “power sharing” to manage oil wealth
A Democracy and Governance Assessment prepared for the United States Agency for International Development (USAID) says Guyana’s two major political parties need to engage in power-sharing in order to manage the country’s oil wealth efficiently. Dated August 2021, the assessment cited the for the two major political parties to abandon the current majoritarian political model in which the party with ...
Read More »Civil society organisation concerned about govt’s ‘party card’ reason for removing Jadoopat from transparency initiative
Article 13- a Guyanese, the pro-inclusionary democracy organisation, on Sunday took the Guyana government to task for removing Dr Rudy Jadoopat as the Coordinator of the Guyana Extractive Industries Transparency Initiative (GYEITI) on the fake grounds that he is a member of the Alliance For Change (AFC). The non-governmental organisation indicated that it was perplexed at the Ministry Natural Resources ...
Read More »Former Indigenous Peoples Ministerial Advisor debunks Jagdeo’s claim on subsurface rights
A former Indigenous Peoples Ministerial Advisor, Mervyn Williams has dismissed claims by Vice President Bharrat Jagdeo that Amerindian people enjoy the rights to minerals. In an interview with the United States-based Vice News, Mr. Jagdeo had said that the Amerindian Act provides for Amerindians to have subsurface rights. “We are one of the few countries in the world that gave ...
Read More »Curfew scrapped but limits imposed on certain activities
Although the COVID-19 curfew has been discontinued with immediate effect, the Official Gazette continues to prohibit a range of activities including parties but allows certain activities for a maximum of 10 persons. The new order made under the Public Health Ordinance, like the previous orders, states that no person shall, host, attend or visit a private party, banquet, ball or ...
Read More »Guyana triples daily oil production as new FPSO begins pumping
IRVING, Texas – ExxonMobil today said it started production at Guyana’s second offshore oil development on the Stabroek Block, Liza Phase 2, bringing total production capacity to more than 340,000 barrels per day in only seven years since the country’s first discovery. Production at the Liza Unity floating, production, storage and offloading (FPSO) vessel is expected to reach its target ...
Read More »It’s official: The COVID curfew lifted
As expected, the COVID-19 curfew was Friday lifted by the National Task Force, less than one day after President Irfaan Ali indicated that that would have been done. “The national curfew has been lifted with immediate effect,” the Task Force said. The Task Force, which has for several months been struggling to enforce the measures adequately across Guyana, said that ...
Read More »GDF must map strategy for natural gas pipeline – President
President Irfaan Ali on Thursday asked the Guyana Defence Force (GDF) to devise a plan to secure the more than 120-mile long proposed natural gas pipeline from the Liza 1 field to Wales, West Bank Demerara. “There will be a gas pipeline that’s coming into Guyana. You’ve looked around the world, you’ve seen how gas pipelines can become an instrument ...
Read More »President Ali considers ending COVID curfew by Friday
President Irfaan Ali late Thursday signaled the end of the COVID-19 curfew, a virus-control mechanism that has been mostly violated by businesses or seldom enforced by police. Addressing the launch of the latest edition of ‘Guyana Explore’ magazine, he said that government was seriously considering lifting the curfew that has been instituted since Marc, 2020 when Guyana had recorded its ...
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