Via CNN, a report on Guyana, a tiny rainforest country is growing into a petrostate: Guyana’s destiny changed in 2015. US fossil fuel giant Exxon discovered nearly 11 billion barrels of oil in the deep water off the coast of this tiny, rainforested country. It was one of the most spectacular oil discoveries of recent […]
Read more »Via the Atlantic Council, a report on Guyana’s low-carbon model for resource-led development: Guyana had embarked on an ambitious journey toward sustainable development long before ExxonMobil’s massive oil discoveries off its coast in 2015. In 2009, recognizing the value of its vast rainforests in the fight against climate change, Guyana launched its pioneering Low Carbon Development […]
Read more »Via Global Finance, a brief look at Guyana: Once regarded as the forgotten nation of South America due to its historically low levels of trade activity and remote geographical position, Guyana has morphed into the world’s fastest-growing economy in the last two years. And it looks set to keep growing at an impressive pace in the years […]
Read more »Courtesy of Bloomberg, a report on Namibia’s growing hydrocarbons potential: Companies have discovered ‘a big chunk of oil’ off Namibia TotalEnergies expects to begin first Namibia project next year Namibia’s oil potential could one day match Guyana, where big discoveries have sparked an economic transformation and set the world’s biggest companies jostling for position. There’s a […]
Read more »Via Project Syndicate, a look at how Guyana became Latin America’s leading development lab by using its fossil-fuel windfalls to drive sustainable socioeconomic development: Guyana is on the cusp of a profound socioeconomic transformation unlike any seen in Latin America and the Caribbean. Despite its small population of roughly 800,000, it boasts the world’s fastest-growing economy. […]
Read more »Courtesy of the New York Times, a report on how – more than any single country – Guyana demonstrates the struggle between the consequences of climate change and the lure of the oil economy: Basjit Mahabir won’t let me in. I’m trying to persuade Mr. Mahabir to open the padlocked gate of the Wales Estate, […]
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