I have blogged earlier on Guyana’s windfall from oil discoveries off its coast and how it conflicts with the climate change debate. This post will examine how it has perpetuated the age-old practice of large corporations entering into unfair exploitative contracts with resource-rich developing countries.
I think an MDB or or other donors can step in and help with renegotiation once Guyana signals that it would like to do so. But Guyana has to initiate the process.
I think an MDB or or other donors can step in and help with renegotiation once Guyana signals that it would like to do so. But Guyana has to initiate the process.