Latest Breaking News On - Liza phase one project - Page 3 : comparemela.com

Opposition demands proof of quarterly assessments to justify ExxonMobil's one year extension for oil blocks

EPA orders ExxonMobil Guyana to provide unlimited liability coverage

Countries within pathway of potential oil spill from Guyana have US$140B of economic activity at risk

Exxon dodges KN's request for full disclosure of formula used to arrive at US$2B parent guarantee

US$2B parent guarantee only to cover oil spill damage to Guyana – Exxon Guyana

The US$2B parent guarantee Guyana is poised to receive from ExxonMobil Corporation for the Stabroek Block only covers expenses associated with an oil spill within these borders. The determination of that sum did not consider ensuing liabilities of potential impacts on 12 Caribbean territories. Though that worst-case scenario is outlined in the Environmental Impact Assessment (EIA) for the Liza Phase One Project, Alistair Routledge President of ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL) said it is not considered as a “credible” case, especially when one considers the extensive mitigative and preventative measures in place for the Stabroek Block.