PSC WELCOMES EPA DECISION

The Private Sector Commission (PSC) has welcomed the decision taken by the Environmental Protection Agency (EPA) to grant Environmental Authorization for the Yellowtail Development Project to Esso Exploration and Production Guyana Limited (EEPGL).

The Commission also congratulates Corporate Member, EEPGL on this achievement. In a statement, the PSC said that it is especially pleased that the approval comes after extensive public consultation and review by the EPA and recommendations from a team of Independent International Experts and the Environmental Assessment Board, which declared the revised EIS acceptable.

The Commission believes that this latest development will see an increase in production which translates to the expansion of the economy, provision of revenues to execute massive developmental projects thereby creating jobs for Guyanese and accelerating private sector growth.