We Urge The Guyana Government To Renegotiate All Oil Contracts


We Urge The Guyana Government To Renegotiate All Oil Contracts
The Issue
We strongly urge the Government of Guyana to:
- Renegotiate all the oil contracts starting with the Stabroek Block contract before issuing the Payara permit. As is, Global Witness says Guyana will lose US$55 billion dollars on the Stabroek Block. Guyana's budget for a year is approximately US$1.4 billion.
- Ensure that a new deal results in a substantial increase in the financial benefits for the Guyanese people. The current 2% is robbery and 15% is royalty.
- Insist that Guyana should not be paying taxes on behalf of the oil companies.
- Require that the oil companies should not be flaring billions of cubic feet of Guyana's gas without penalties. It is estimated that it would cost about US$24 million to remove the 9 billion cubic feet of carbon dioxide produced from flaring. The flaring continues.
- Create a clear agreement that removes liability from Guyana paying for oil spills or any other harm to the environment. The oil companies should bear the full responsibility.
- Demand better local content policy and it should be enshrined in law.
- Establish a petroleum commission with broad representation from all sectors of society including qualified experienced experts from the diaspora with adequate resources to execute its investigative, oversight, and enforcement functions.

Ramnarine SahadeoPetition StarterRetired Ontario lawyer; Notary public, Commissioner of oaths;
author: MOHANDAS K. GANDHI, THOUGHTS WORDS, DEEDS
Distributor; gita by Gandhi with quotes, comments and English translation.
INITIATIVE; GANDHI SCHOLARSHIP AT McMaster University,
This petition had 1,658 supporters
The Issue
We strongly urge the Government of Guyana to:
- Renegotiate all the oil contracts starting with the Stabroek Block contract before issuing the Payara permit. As is, Global Witness says Guyana will lose US$55 billion dollars on the Stabroek Block. Guyana's budget for a year is approximately US$1.4 billion.
- Ensure that a new deal results in a substantial increase in the financial benefits for the Guyanese people. The current 2% is robbery and 15% is royalty.
- Insist that Guyana should not be paying taxes on behalf of the oil companies.
- Require that the oil companies should not be flaring billions of cubic feet of Guyana's gas without penalties. It is estimated that it would cost about US$24 million to remove the 9 billion cubic feet of carbon dioxide produced from flaring. The flaring continues.
- Create a clear agreement that removes liability from Guyana paying for oil spills or any other harm to the environment. The oil companies should bear the full responsibility.
- Demand better local content policy and it should be enshrined in law.
- Establish a petroleum commission with broad representation from all sectors of society including qualified experienced experts from the diaspora with adequate resources to execute its investigative, oversight, and enforcement functions.

Ramnarine SahadeoPetition StarterRetired Ontario lawyer; Notary public, Commissioner of oaths;
author: MOHANDAS K. GANDHI, THOUGHTS WORDS, DEEDS
Distributor; gita by Gandhi with quotes, comments and English translation.
INITIATIVE; GANDHI SCHOLARSHIP AT McMaster University,
Petition Closed
Share this petition
The Decision Makers
Petition updates
Share this petition
Petition created on August 15, 2020