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Exxon worth US$429B but only offering Guyana US$2B parent guarantee for oil spills – Int l Financial Analyst kaieteurnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kaieteurnewsonline.com Daily Mail and Mail on Sunday newspapers.
“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.
The APNU has become an embarrassment. Following its disgraceful conduct when it defiled the National Assembly, it has begun genuinely to believe its own propaganda that the Speaker of the National Assembly is being biased against the APNU+AFC.
All Guyanese should welcome the High Court’s ruling of Justice Sandil Kissoon ordering the Environmental Protection Agency (EPA) to secure an unlimited liability Parent Company Guarantee Agreement and/or an unlimited liability Affiliate Company Guarantee from ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL.