Institutional governance: Preparing for Guyana’s coming oil and gas industry

Introduction

Last week’s column advanced the view that Guyana’s membership of the Extractive Industries Transparency Initiative (EITI) is a crucial plank in the institutional governance architecture being designed for managing its impending oil and gas extraction industry. I summed up my evaluation of seeking EITI membership as a necessary, but not sufficient basis for securing that transparency, accountability and public disclosure are married to the efficient management of oil and gas extraction.