United States Ambassador to Guyana Sarah-Ann Lynch has warned that the tenor of some of the ongoing advocacy for the local content policy for the oil and gas sector may make foreign investors feel unwelcome.
Speaking at the first Annual General Meeting (AGM) of the American Chamber of Commerce Guyana Inc (AmCham Guyana) yesterday, Lynch stressed that with the development of a global energy sector, focusing on who owns a firm could be counterproductive.
“Recent suggestions of a local content policy in Guyana may send a signal that some investors as well as the employment and know-how benefits they bring may not be welcome here,” she said.