GUYANA has approached the International Court of Justice (ICJ) seeking several provisions which could, in effect, cause Venezuela to change course on aspects of its planned December 3 2023 referendum on the Essequibo border controversy. Venezuela, through its legislators, agreed to proceed with a referendum that would seek to ratify the Venezuelan government’s push to […]
“The APA’s appeal was tabled in July 2023, and followed its first failed attempt at stopping Guyana’s ART Trees crediting, which effectively meant stopping carbon credits revenues flowing to Amerindian Villages. In May 2023, the Independent Reviewer who examined the APA’s complaint, concluded that the process set forth in the ART Standards was followed by Guyana, and that concerns expressed by the APA were not supported facts and, in several cases, inaccurate, and, further, that specific issues pointed to in the APA’s submission did not reflect an understanding of the role of the ART Standard. “
Guyanese can rest assured that the funds from the sale of carbon credits are still intact, and Guyana will continue to benefit from these through several developmental initiatives. This is coming from General Secretary of the People’s Progressive Party, Dr Bharrat Jagdeo during his Thursday press conference at Freedom House, Robb Street, while responding to […]
He said that between now and 2025, Guyana cannot tie up its assets by engaging in arrangements that would put projects like Amaila and Wales into reserve mode. Based on an assessment of one proposal, Dr Jagdeo cautioned, Guyanese would have paid some US$90 million to those emergency power suppliers for the cost of their infrastructure alone.
FOLLOWING today’s meeting, the Cabinet of Ministers has reviewed submissions from international consultants and the evaluation team, and has decided to award auctioned oil blocks to a number of companies, including local companies, according to General Secretary of the People’s Progressive Party (PPP), Dr Bharrat Jagdeo.