Slashing Parent Company Guarantee from Full Coverage to $2B is a sellout to Exxon
All Guyanese, our Caribbean neighbors, and Venezuela, must now be worried sick by the Honorable VP Jagdeo’s announcing that slashing the parent company guarantee from full coverage, down to a piddly $2 Billion USD, “remains a priority”. This in-your-face sellout and betrayal of our people, not only throws out the existing legal full liability coverage which the government has so cowardly failed to enforce; but also, cold-bloodedly exposes Guyana and our neighbors to potential economic ruins, in the event of a major oil spill.Full Liability Coverage as enshrined in the permits, equals ins...
Source: kaieteurnewsonline.com