-in New York Times interview
Interviewed by the New York Times (NYT), President Irfaan Ali said he sees an oil future for Guyana past 2050 but was pressed on the inherent contradictions with a low carbon economy and repeatedly dodged a question about taxes on the petroleum industry.
The Head of State was at the time responding to questions from the newspaper’s International Climate Correspondent, Somini Sengupta on September 25 during a visit to New York.
“Why embark on oil now when there has been a global commitment to transition away from fossil fuels and a concern that some of what you are banking on, literally, may be a stranded asset leaving your taxpayers to hold the bag. How long does oil have a future do you think in your country?” the journalist questioned.