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May 26, 2022 (IEEFA) – ExxonMobil is going against industry standards in Guyana by receiving $3.2 billion for decommissioning costs that is not required to be set aside for decommission and clean-up in the country, according to the latest report by the Institute for Energy Economics and Financial Analysis. The IEEFA analysis finds ExxonMobil continues to benefit from a system that requires Guyana to pay for costs of decommissioning wells in advance with no oversight of the company.

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China , Guyana , Chinese , Tom Sanzillo , Institute For Energy Economics , Exxonmobil , Cnooc , Chinese National Offshore Oil Company , Energy Economics ,

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