Insisting that it used global best practices to determine the amounts of the fines catered for in the revised Liza-1 Environmental Permit, the Environmental Protection Agency (EPA) yesterday assured that Guyana will not have to pay a cent of the US$30 per Co2 equivalent fine catered for in the document and said that its current staff is competent enough to calculate the penalties.
“The EPA was guided by the Polluter Pays Principle, which was prescribed by the Environmental Protection Act in 1996, but has served as a universal principle of environmental management even prior to this, and has continuously developed in its interpretation and applicability as a result of national and international jurisprudence, customary law, and international environmental laws and conventions,” the EPA stated yesterday in a release.
