Exxon and Partners – Relinquishment Time

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 140

Introduction

President Irfaan Ali enjoys his encounters with international journalists, including BBC’s Steve Sackur and more recently New York Times’ International Climate Correspondent, Somini Sengupta. While the President has ably navigated the questions posed to him, he has benefitted from some important questions which Sackur and Sengupta failed to ask – like how he moved from “renegotiation” to “sanctity of contract.” Or the reason(s) for his country’s refusal to join more than 90% of the open countries of the world in signing the global Framework imposing a minimum corporation tax rate of 15% on companies like Exxon, Hess and CNOOC. Whether intended or otherwise, the beneficiaries are the oil companies, the sufferer being Guyana, It now begs the question whether a local journalist would raise these vital topics.