OGGN says Chevron’s Guyana oil profits rest on zero-out-of-pocket taxes and dangerously limited spill liability.
Guyana gave up US$14.3B in oil earnings through tax payments and a profit squeeze, Hunte and co-writers say.
OGGN says Chevron’s Guyana profits rest on zero-out-of-pocket taxes and capped spill liability that defy Berkshire’s stated ethics.
OGGN says Exxon and partners used “two-pocket accounting” under the 2016 PSA to cut Guyana’s profit share by US$9.1B.
Stabroek News kept Guyanese informed and held government and ExxonMobil to account on oil governance, the OGGN writers say.
OGGN lists detailed questions for a BBC debate on Guyana’s oil regime, taxes, safeguards and use of oil wealth.