We are closer to our goals of obtaining full oil insurance coverage

Dear Editor,

It is being peddled in the press as to what can take place as a result of the assured coverage for the legitimate cost of a spill. Clearly, the EPA is a step closer to obtaining unlimited insurance coverage. Given that our supplier has assured the government that legitimate costs will be covered, and has done so without a monetary limit, the EPA is now in a stronger position to approach Exxon and its affiliates to add to the assurance the insurance coverage. Remember, assurance means something which is guaranteed to happen. The language used is not confusing, the political motivation behind the new missive in the press is trying to confuse readers into thinking that we are further away from achieving full coverage. The truth of the matter is that we are closer to our goals, and if handled / negotiated correctly we will obtain full unlimited coverage. It is also in our suppliers’ best interest to obtain insurance to meet the clean-up obligations that they have assured us they will pay for in the event of a spill. We now have an opportunity to leverage the meaning of the word ASSURANCE.

Sincerely,

Jamil Changlee

Chairman

The Cooperative

Republicans of Guyana