An extensive debate is currently raging in the media on the Government’s lethargic approach in preparation for the oil industry. Among the contentious issues are legislation for local content, the sovereign wealth fund, petroleum legislation, the department of energy. The most glaring deficit appears to be the lack of expertise in Guyana on oil and gas and the deep concern that these issues will not be addressed in time for 2020 when the production of oil is due to begin. Mr. Imran Khan’s eloquent defence of the government’s efforts recently on an Al Jazeera television programme which included Messrs. Christopher Ram and Jan Mangal, has not diminished concerns.Read more
On Friday last the New York Times published “The $20 Billion Question for Guyana.” It was a lengthy review of Guyana and the impact that the oil discovery by Exxon and its partners in offshore Guyana is likely to have. Two recent articles by the Wall Street Journal and Foreign Affairs, of world-wide reputation, like the New York Times (NYT), were published and reprinted in Guyana. Few Guyanese would recognize the description of Georgetown by one of them as ‘sleepy’ or by the NYT as a ‘musty clapboard town…which seems forgotten by time.’ Notwithstanding these unflattering first impressions of Georgetown by foreign journalists, the articles helped to highlight, not only the amount of financial resources that will become available to Guyana, but how those resources can be used or misused.
Guyana is described as an unlikely setting for the next oil boom. It is ‘one of the poorest countries in South America can become one of the wealthiest.’ The NYT article said that all the talk in Georgetown is about a sovereign wealth fund to manage the money. It underlined Minister Raphael Trotman’s comment, perhaps speaking hyperbolically, if he indeed said so, that we have been given a chance to get things right because ‘the Chinese cut down our forests and dug out our gold and we never got a cent…we could end up with the same experience with ExxonMobil.’ Whatever the dangers, Rystad Energy is quoted as predicting that Guyana will get $6 Billion by the end of the 2020s. But this is a modest estimate with a production of eventually 500,000 barrels a day. Doug McGhee, Exxon Operations Manager, predicted better social services and infrastructure, ‘if the government manages the resources right.’
The total electoral devastation of the Democratic Labour Party(DLP) and the political exit door shown to former Prime Minister, Freundel Stuart, by the Barbados electorate at the elections last Thursday, is an apt and decisive answer to the vicious attack Stuart made on the Caribbean Court of Justice earlier in the week, when referring to the judges derogatorily as ‘politicians in robes.’ It is not unusual for politicians to be peeved by court decisions. Guyanese politicians have expressed ‘concern’ about issues relating to the CCJ on several occasions in the past, including the recent past.
In the UK, the developed country from which we inherited our laws and jurisprudence, and whose precedents are the most influential in the CCJ, judges and courts are regularly criticized, as they should be. But Stuart did not merely criticize; he unjustifiably attacked the CCJ for political bias and undertook to withdraw from the Court. Had he won the elections, Barbados’s withdrawal would have dealt a crushing blow to Caribbean unity and, worse, would have weakenedCaribbean jurisprudence and the rule of law in the region.
Wracked by dissention and uncertainty, compounded by the dismissal of Vice President Emmerson Mnangagwa, known by the nickname of Crocodile which he embraces, the army on Wednesday occupied strategic points in Harare, the capital of Zimbabwe, and deposed President Robert Mugabe, aged 93 and in power for 37 years. The army, led by General Constantino Chiwenga, said that it was not a coup. It appears as if efforts are being made to attain a peaceful and lawful transition of power from Mugabe to a government led by Mnangagwa.
The unfolding events, as they became known, show that Mnangagwa was true to his nickname. In collusion with the army, he was patiently awaiting an opportune moment to move against Mugabe who appeared determined to promote his wife, Grace Mugabe, a deeply unpopular ZANU-PF official, who represents the post-liberation ZANU-PF group, G40, to succeed him. This would have resulted in the sidelining of the army and the veterans. There was open, verbal, warfare, between these two distinct sections of the Zimbabwean ruling class. The people of Zimbabwe, downtrodden by poverty, have been unmoved by what is clearly a palace dispute.
The collapse of the Palmyra foundation structure intended to support an Indian Arrival Monument to be unveiled on Arrival day was reported by the Stabroek News on April 27. Stabroek News had interviewed a Mr. Marlon Cumberbatch who said he was the supervisor of the construction company. He couldn’t say what caused the collapse but suggested that the project needed to be redesigned. Mr. Cumberbatch stated that the construction company would be dissolved. Workers complained that they had not been paid and sources told Stabroek News that Mr. Cumberbatch was indeed the contractor. The choice of contractor, the design of the project, the reason for the collapse, all remain state secrets.
While not much has been announced, it appears that the government has embarked on policies to make the small man into a real man by opening up opportunities in construction and other areas. There have been complaints for a long time that Guyanese contractors of African descent were being discriminated against. Bringing a contractor from Linden to undertake a contract in the Corentyne, suggests that the policy of redress, and a lop-sided one at that, is in full swing.