Introduction
Today’s column has two broad objectives. The first is to keep the promise I made last week to start today’s column with brief comments on the current situation in regard to global climate action, specifically as manifested in this year’s United Nations Environment Program, UNEP’s, Production Gap Report. Following that, the second objective is to continue my general wrap-up of this rather extended re-visit of the Buxton Proposal. I attend to this latter by addressing: 1) the complications of fiscal management in Guyana [notably rent capture in the face of world class petroleum finds by mainly external-based investors]; and 2) the economic challenges that emerge from the direct distribution of windfall resource rents and their capture to Guyanese households. This week’s column and the next will bring this re-visit of the Buxton Proposal to a close.
