Guyana – oil & gas and the climate change pushback

Former Bank of England Governor Mark Carney

Blinded perhaps by the headlights into which we glare directly and which, perhaps, cause us to see only the ‘bright side’ of the oil & gas story arising out of ExxonMobil’s huge and still growing oil finds offshore Guyana, there is every likelihood that we are inclined not to look too far beyond those prospects that have to do with our years of waiting for our oil ‘miracle.’

If, however, we were to peruse the bigger picture we are likely to discover a somewhat more worrisome scenario. As far as Guyanese are concerned ExxonMobil is diligently recovering and exporting the country’s offshore oil deposits, and we are well on our way to the other end of our rags to riches story. These days, however, the ‘whole story’ includes an escalating pushback against fossil fuels and by extension, against oil exploration and recovery pursuits.