Environment

The ExxonMobil-led Esso Exploration and Production Guyana Limited (EEPGL) will have to be pay a higher fine of US$50 per tonne of carbon monoxide, up from US$30, if it breaches the flaring rules under its Environmental Protection Agency’s (EPA)-renewed five-year permit for the Liza 1 project in the Stabroek Block.  “The permit also goes further to require the Permit Holder ...

The Private Sector Commission (PSC) on Saturday said it was satisfied that the environmental authorisation of the Yellowtail oil production project requires the ExxonMobil-led consortium to have emergency equipment in Guyana to cap a well should there be a blowout at the offshore project. “The PSC is pleased with the Oil Spill Response and Financial Assurance provision in the permit ...

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 ...

The European Union (EU) is providing another 7.5 million Euros for the further rehabilitation of Guyana’s sea defence, Deputy Managing Director for Americas, European External Action Service Mr Javier Niño Pérez announced on Tuesday. He said the decision to provide the additional cash to Guyana is because the country has managed the 30 million Euro disbursement that has seen at ...

President Irfaan Ali on Thursday made it clear that Guyana was tapping into the multi-trillion dollar oil and gas sector to invest in the social sectors, technology, infrastructure while eventually hoping to rake in billions of  dollars annually from the sale of carbon credits. The document states that the Emission Reductions Purchase Agreements (ERPAs) for the sale of carbon credit ...

Environmental and human rights activist, Guyanese Janet Bulkan on Tuesday asked the Inter-American Commission on Human Rights (IACHR) to order the halt of oil and gas exploration because fossil fuels were damaging the environment and causing a loss of livelihoods. “We respectfully ask you, Commissioners, to call upon Caribbean States to stop activities that aggravate the climate crisis such as ...

ExxonMobil is hopeful that the flash-gas compressor aboard the new oil production vessel, Liza Unity, would not be plagued by problems similar to those aboard the Liza Destiny that had affected production and incurred a hefty environmental fine, a company official said Tuesday. “We recognise the challenges that we had with the Liza Destiny start-up and the flash-gas compressor. We ...

President Irfaan Ali has welcomed the United States’ rejoining of the Paris Agreement on Climate Change and the target to reduce greenhouse gas emissions by 50 percent in another nine years. Dr. Ali was quoted by government’s  Department of Public Information as welcoming the US’s decision earlier this year to rejoin the Paris Agreement on Climate Change and applauding US ...

The World Wildlife Fund, a global environmental conservation watchdog, is calling for a “full environmental and social assessment” of Guyana’s oil and gas sector, in the wake of recent controversies surrounding the clearing of mangroves along the west bank of the Demerara River. “Such an assessment will give decision-makers and the public-at-large an objective view of the  range of impacts ...

Public Infrastructure Minister Juan Edghill on Monday justified the clearance of a large swathe of mangroves at Versailles, West Bank Demerara. “Mangroves will have to be removed to facilitate infrastructure,” he told a news conference. He said the Sea and River Defence Board has offered its no-objection to the project, paving the way for the acquisition of lease and licence ...