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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 […]
by Svetlana Marshall With many Caribbean countries depending heavily on imported fuel, Prime Minister of Trinidad and Tobago, Dr Keith Rowley believes the Region would do well if it bands its resources together, and make use of the oil refinery in Trinidad and Tobago. “The refinery and its supporting infrastructure are available for restart, upgrade […]
CARICOM Leaders will meet in The Bahamas from Wednesday for their intercessional meeting, which will examine a number of critical issues, including health security and issues related to climate change. According to a statement from CARICOM, the need for continued vigilance against COVID-19 and the recent threat of Monkey Pox are among the critical issues […]
The parent company for COURTS and Ashley Furniture store in Guyana, UNICOMER, is taking on a major investment project along the East Bank Demerara corridor that will see the construction of a corporate complex and a logistics park. In an announcement today, UNICOMER said the investment will total G$25 billion and will be part of […]
An investigation into the Sunday afternoon fire that gutted a Windsor Forest house and claimed the life of its owner, has found that the fire was started by the fluctuation of the electricity supply to the home. In a statement, the Guyana Fire Service said that there was sparking at a breaker panel box in […]
Over 1,200 persons have registered to attend the Guyana International Energy Conference and Expo, which opens at the Marriott Hotel on Tuesday. President Irfaan Ali, Prime Minister of Trinidad and Tobago, Dr Keith Rowley; and President of Suriname, Chandrikapersad Santokhi are among Heads of Government scheduled to attend the high-level forum, which will see policymakers, […]
ExxonMobil is expected to sell Guyana the natural gas that is being produced in the Stabroek Block in an effort to recover the cost associated with the construction of the pipeline needed to transport the fuel to the Natural Gas Power Plant at Wales. But Opposition Member of Parliament David Patterson said the arrangement not […]
Vice President, Bharrat Jagdeo has assured that the planned gas-to-energy project will go ahead, dismissing criticisms about the cost attached to the project, He said the criticisms are unjustified. The project has been receiving an avalanche of criticism from the Parliamentary Opposition and sections of society. Cost associated with the project, as well as an […]
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