August 23-30, 2020

Circlesongs: It’s About Us

4,675 Posts to “August 23-30, 2020”

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    “You have a government that is reckless about what is going to happen to Guyana” said Melinda Janki an international lawyer in Guyana who is handling several lawsuits against Exxon. It’s pursuing “a supposed course of development that is actually backward and destructive” she told CNN. kelpdao And while plenty of Guyanese people welcome the new oil industry some say Guyana’s startling economic statistics do not reflect a real-world prosperity for ordinary people many of whom are struggling with the higher prices accompanying the oil boom. Inflation rose 6.6 in 2023 with prices of some foods shooting up much more rapidly. “Since the oil extraction began in Guyana we have noticed that our cost of living has gone sky high” said Wintress White of Red Thread a non-profit that focuses on improving living conditions for Guyanese women. “The money is not trickling down to the masses” she told CNN. CNN contacted President Ali the Ministry of Natural Resources and the Ministry of Finance for comment but received no response. Guyana a former Dutch then British colony which gained independence in 1966 is one of only a handful of countries that is a “carbon sink” meaning it stores more planet-heating pollution than it produces. This is due to its vast rainforest; trees remove carbon dioxide from the atmosphere as they grow. The country has protected its biodiversity where others have destroyed theirs President Ali said in a BBC interview last year. In 2009 the country signed an agreement with Norway which promised Guyana more than 250 million to preserve its 18.5 million hectares or nearly 46 million acres of forests. Ali insists the country can balance climate leadership and fossil fuel exploitation. The new oil wealth will allow Guayana to develop including building climate adaptations such as sea walls he has said. He has also pointed to the continued failures of wealthy countries already grown rich on their own fossil fuels to help poorer countries with climate finance. But there are concerns Guyana could fall victim to the “resource curse” in which vast new wealth ?can actually make life worse for those who live there.

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