APA continued attempt to block carbon credits benefit for Amerindian villages fails – VP

“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. “

Wrong decision on power generation could cost Guyana tens of millions USD more – Dr Jagdeo

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.

Cabinet names successful oil block bidders

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.