{"id":20448,"date":"2024-06-07T17:01:06","date_gmt":"2024-06-07T17:01:06","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=20448"},"modified":"2024-06-07T17:01:10","modified_gmt":"2024-06-07T17:01:10","slug":"guyana-strengthens-oil-permitting-regulations-to-safeguard-environment-and-economy","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/guyana-strengthens-oil-permitting-regulations-to-safeguard-environment-and-economy\/","title":{"rendered":"Guyana Strengthens Oil Permitting Regulations to Safeguard Environment and Economy"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>In a bid to fortify protections against environmental and economic repercussions, Guyana has bolstered its oil permitting regulations, as announced by Kemraj Parsram, Director of the Environmental Protection Agency (EPA).<\/p>\n\n\n\n<p>Parsram reflected on Guyana&#8217;s journey since granting its first oil permit in 2017, highlighting the initial lack of experience in drafting comprehensive guidelines. <\/p>\n\n\n\n<p>However, leveraging reviews of laws and models from other nations, the country has diligently enhanced its oil permits framework to effectively manage both environmental and economic impacts.<\/p>\n\n\n\n<p>A significant addition to the revised guidelines is the inclusion of financial assurance, ensuring that operators bear full responsibility and accountability for any pollution incidents.<\/p>\n\n\n\n<p>Parsram emphasized that Guyana&#8217;s Environmental Regulatory framework is among the most robust in the Caribbean, showcasing the nation&#8217;s commitment to upholding environmental standards.<\/p>\n\n\n\n<p>While acknowledging the progress made, Parsram also recognized the ongoing need for continuous learning and adoption of new approaches and technologies. <\/p>\n\n\n\n<p>He noted that emerging advancements will further strengthen the local regulatory framework.<\/p>\n\n\n\n<p>The strengthened oil permitting regulations underscore Guyana&#8217;s proactive stance in safeguarding its environment and economy amidst the burgeoning oil sector. With rigorous guidelines in place, the country aims to strike a balance between oil exploration and environmental sustainability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a bid to fortify protections against environmental and economic repercussions, Guyana has bolstered its oil permitting regulations, as announced by Kemraj Parsram, Director of the Environmental Protection Agency (EPA).&hellip;<\/p>\n","protected":false},"author":4,"featured_media":20449,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[360,350],"tags":[],"class_list":["post-20448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/20448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=20448"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/20448\/revisions"}],"predecessor-version":[{"id":20450,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/20448\/revisions\/20450"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/20449"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=20448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=20448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=20448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}