Dear Editor,
A short note to say that the cost of the 2B USD Security lodged with the court is expected to cost 2% or 40,000,000 USD. You can add that to the cost of oil or subtract it from Guyana’s earnings, but it is not going to cost ExxonMobil a dime; it may earn them extra as the guarantee will most likely be purchased from an in-house entity. Innovating our way into poverty seems to be a national pastime.
Sincerely,
Robin Singh
