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Judge to rule in two weeks on whether court can direct EPA to release Exxon US$2 billion guarantee for oil spills

Judge to rule in two weeks on whether court can direct EPA to release Exxon US$2 billion guarantee for oil spills
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Speaker loses bid to appeal $7 5M libel judgment

Speaker loses bid to appeal $7 5M libel judgment
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Judge to rule next week whether Exxon s operations should be suspended for failing to provide unlimited parent company guarantee

The Guyana Court of Appeal is one step closer to determining whether a stay would be granted in relation to the High Court order issued for the Environmental Protection Agency (EPA) to direct Esso Exploration and Production Guyana Limited (EEPGL) to provide a parent company guarantee or financial assurance to safeguard Guyana in the event of oil spill disaster at the Stabroek block.

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Justice Rishi Persaud to rule next week whether Exxon s operations should be suspended for failing to provide parent company guarantee

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Jagdeo leads appeal on parent company guarantee to appease investors

“Investors spook easily,” says Vice President Bharrat Jagdeo. This is the main reason for the Government of Guyana (GoG) taking the lead on the appeal of a court ruling by Justice Sandil Kissoon, ordering Esso Exploration and Production Guyana Limited (EEPGL) to supply the nation with a parent company guarantee within 30 days, to cover the costs above its limited insurance, in the event of an oil spill in the Stabroek Block.

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