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Vice President Bharrat Jagdeo has lashed out at the Amerindian Peoples Association (APA) over claims that the Government violated the Free, Prior and Informed Consent (FPIC) standards when it failed to adequately consult Indigenous Leaders on the sale of carbon credits. In a statement on Tuesday, APA said the Government summoned Indigenous Leaders to the […]
Indigenous communities in Guyana will this year receive a total of $4.725 Billion from the sale of Carbon Credits to the Hess Corporation. Vice President, Bharrat Jagdeo made the announcement today as he met with Indigenous Leaders from more than 240 villages at the Arthur Chung Conference Centre. The $4.725B represents 15% of the sale […]
Guyana’s Minister of Natural Resources, Vickram Bharrat has assured potential investors for the energy sector that the country’s local content laws are not to discourage them from coming to Guyana, but rather the laws are there to streamline how business is conducted in the country and to ensure that Guyanese businesses are given an equal […]
More than seven months after protests against a Police shooting became violent and saw persons and their stalls being attacked at Mon Repos on the East Coast of Demerara, the Guyana Police Force has issued wanted bulletins for 12 suspects. The Police Force said the 12 are wanted for acts of terrorism which occurred on […]
Having already protested an American Airlines position to have senior government officials make their way to the counter check-in area for their departure flights instead of an agent visiting the VIP section of the Cheddi Jagan Airport, the Government of Guyana now intends to write American Airlines over its treatment of two visiting Caribbean Prime […]
The President of ExxonMobil Upstream Oil and Gas Company, Liam Mallon has indicated that the U.S oil giant is looking to ramp up production in Guyana to 400,000 barrels of oil per day (bpd) soon, with a plan to take production further up to 600,000 barrels per day by the end of the year. Currently, […]
In updating the International Energy Conference on developments within the local Petroleum Sector, Vice President Bharrat Jagdeo announced that the Government has decided against using the remaining blocks to form a National Oil and Gas Company, and that is due to lack of funding. Instead, the Government will be putting the 14 blocks up for […]
Moments after President Irfaan Ali announced that Indigenous Leaders will begin receiving payments from the sale of Carbon Credits to Hess Corporation, Opposition Leader Aubrey Norton expressed his dissatisfaction with the amount that will be given to the villages. Of the US$750 Million that will he paid to the Government over a 10-year period, US$112 […]
Declaring the second Guyana International Energy Conference open this morning, President Irfaan Ali used the forum to make it clear that the Guyana Government has no interest in renegotiating the Stabroek Block Production Sharing Agreement (PSA) with ExxonMobil, despite a campaign promise to do so. Though most of the President’s remarks focused on environment and […]
Indigenous leaders from across the country will start receiving cheques tomorrow for the development of their various communities, as the government begins the disbursement of funds from the sale of carbon credits, President Irfaan Ali announced today. Last December, the Guyana Government and Hess Corporation signed a REDD+ Carbon Credit Purchase Agreement paving the way […]
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