The Extractive Industries Transparency Initiative

A country’s natural resources, such as oil, gas, metals and minerals, belong to its citizens. Extraction of these resources can lead to economic growth and social development. However, poor natural resource governance has often led to corruption and conflict. More openness and public scrutiny of how wealth from a country’s extractive sector is used and managed is necessary to ensure that natural resources benefit all.

EITI 2016 Progress Report

Last week’s article was devoted to a discussion of the issue of transparency in relation to the Georgetown Metered Parking project that has been suspended at the request of the Government amid pressure from key stakeholders. In passing, we had referred to calls from various quarters for the Government to release to the public the contract with ExxonMobil for the extraction of crude oil in Guyana’s waters. So far, the authorities have resisted attempts to do so, citing a 1997 amendment to the Petroleum Exploration and Production Act that precludes it from making any such disclosure. We then raised the logical question that, if we are serious in our commitment to adhere to highest standards of governance, transparency and accountability, how difficult is it to secure a further amendment to the Act to enable the contract to be laid in the National Assembly, thereby making it available to the public? The Kaieteur News recently carried an article in which it listed 50 countries that have released their oil contracts to the public. ….


The Extractive Industries Transparency Initiative (Final)

You can see the effects of climate change and scientists have clearly said what path we have to follow…All of us have a responsibility, all of us, small or large, a moral responsibility.

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The Extractive Industries Transparency Initiative

(Part III) Climate change is no longer an issue of the future. It is here and is staring at us as we witnessed the catastrophic effects of Hurricane Harvey that descended upon Houston, Texas, causing damage estimated at US$90 billion and a death toll of at least 70.

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The Extractive Industries Transparency Initiative (Part II)

This column has been hesitant to comment on the recent visit to the Houston headquarters of ExxonMobil by five Ministers of the Government, the Petroleum Advisor to the President and two staff members of the Ministry of Natural Resources, until the fact are known as to the purpose for the trip and the source of funding.

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Revisiting the Georgetown metered parking project

Where public resources are concerned or where the public interest is involved, there must be the highest degree of transparency in relation to the actions of both elected and non-elected public officials.

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Global efforts to combat climate change (Final Part)

The news out of Nigeria, an oil producing nation, is that the court has ordered the seizure of a luxury apartment block owned by a former Minister of Petroleum Resources bought for US$37.5 allegedly from ill-gotten gains.

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