Guyana is to sell US$750 million carbon offsets to Hess Corporation, one of the oil companies that is extracting oil off the coast of Guyana.
Category: Guyana
REDD in Guyana: Elite agendas, political temporalities, and the politics of environmental policy failure
By Chris Lang In 2009, Norway launched Guyana’s Reducing Emissions from Deforestation and Forest Degradation programme. Back then, it was an amibitious US$250 million scheme. Ten years later Guyana’s REDD programme has been almost completely abandoned.
ExxonMobil strikes US$200 billion offshore oil reserves in Guyana. Gives US$10 million to Conservation International
Conservation International and the University of Guyana recently accepted US$10 million from ExxonMobil Foundation. This grant (or “investment”, as ExxonMobil likes to call it) reveals a lot about Conservation International and its support for the REDD carbon trading scheme.
Why does Norway want Guyana to build the Amaila Falls dam?
The Amaila Falls Hydropower Project is the keystone of Guyana’s Low Carbon Development Strategy, that was launched in 2009 by then-President Bharrat Jagdeo. But the project has been on hold since August 2013, when the project developer, Blackstone Group’s Sithe Global pulled out.
Guyana Finance Minister’s budget speech: “As currently configured, it would not only be irresponsible, but a downright criminal act of deception, were we to proceed with the Amaila Falls”
On Monday, Guyana’s Finance Minister, Winston Jordan, presented the state budget in Parliament. In his speech, he slammed the proposed Amaila Falls hydropower dam, the flagship project of Guyana’s Low Carbon Development Strategy.