{"id":23388,"date":"2024-10-08T14:00:10","date_gmt":"2024-10-08T14:00:10","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=23388"},"modified":"2024-10-08T14:00:11","modified_gmt":"2024-10-08T14:00:11","slug":"president-ali-defends-guyanas-oil-production-amid-climate-change-concerns","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/president-ali-defends-guyanas-oil-production-amid-climate-change-concerns\/","title":{"rendered":"President Ali Defends Guyana&#8217;s Oil Production Amid Climate Change Concerns"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p><em>By Josiah Williams | September 25, 2024<\/em><\/p>\n\n\n\n<p>President Dr. Irfaan Ali has clarified that Guyana\u2019s oil production is essential for funding the nation\u2019s development while simultaneously supporting climate change mitigation efforts. <\/p>\n\n\n\n<p>This statement was made during an interview with the New York Climate Forward at the United Nations General Assembly in New York.<\/p>\n\n\n\n<p>The President emphasized that producing oil and selling carbon credits is not hypocritical. <\/p>\n\n\n\n<p>He highlighted the importance of removing global subsidies for petroleum-producing countries and companies, reiterating Guyana&#8217;s commitment to sustainable development.<\/p>\n\n\n\n<p>Dr. Ali asserted that Guyana\u2019s petroleum industry will continue to play a significant role in the global energy mix beyond 2050. <\/p>\n\n\n\n<p>He noted that if the global energy landscape requires a continued 25% contribution from petroleum, Guyana will lead this production due to its climate offsetting initiatives.<\/p>\n\n\n\n<p>He explained that Guyana aims to produce this petroleum with minimal environmental impact, indicating that the country would utilize only a fraction of its sequestered carbon. <\/p>\n\n\n\n<p>This approach positions Guyana as a leader in sustainable oil production.<\/p>\n\n\n\n<p>The President also addressed the challenges faced by small and developing nations in sourcing capital for the transition to clean energy. <\/p>\n\n\n\n<p>He called for a candid discussion about funding for energy transitions, emphasizing the need for actionable results rather than mere commitments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Josiah Williams | September 25, 2024 President Dr. Irfaan Ali has clarified that Guyana\u2019s oil production is essential for funding the nation\u2019s development while simultaneously supporting climate change mitigation&hellip;<\/p>\n","protected":false},"author":4,"featured_media":23374,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[360,365,350,351],"tags":[],"class_list":["post-23388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","category-human-development","category-news","category-politics"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/23388","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=23388"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/23388\/revisions"}],"predecessor-version":[{"id":23389,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/23388\/revisions\/23389"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/23374"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=23388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=23388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=23388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}