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Govt. sweating over revenue shortfall if Exxon licence is suspended for failing to provide parent company guarantee for oil spills

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.

Does Jagdeo understand the judge's decision?

Bharrat Jagdeo either does not understand or is being plain ingenuous about the basis for Justice Sandil Kissoon’s recent decision. In that ruling the learned judge ordered the Environmental Protection (EPA) to issue an Enforcement Notice no later than this Tuesday directing Esso Exploration and Production Guyana Limited (EEPGL), a locally-incorporated subsidiary of Exxon Mobil, to provide within 30 days thereafter the unlimited Parent Company Guarantee Agreement and/or unlimited limited Affiliate Company Guarantee in accordance with Article 14 of the Liza 1 Environmental Permit.

ExxonMobil disappointed with Judge's decision for not acknowledging their financial capabilities

ExxonMobil Guyana on Friday afternoon said it is disappointed that the High Court Judge, Justice Sandil Kissoon did not acknowledge its financial capabilities and that of its co-venturers, when he handed down his ruling on Wednesday that the company must provide the country with a parent company guarantee, that covers costs above the insurance policy.

Justice Kissoon orders Exxon to provide unlimited insurance coverage within 30 days to Guyana

High Court, Justice Sandil Kissoon on Wednesday ordered the Environmental Protection Agency, (EPA) to issue an Enforcement Notice to Esso Exploration and Production Guyana Limited (EEPGL) and its parent company, Exxon Mobil to ensure it provides unlimited insurance coverage to safeguard Guyana against the devastating effects of an oil spill within the next thirty days.