A “Noise and Nonsense” Brigader responds to Dr. C.Y. Thomas – Part 5

May 14, 2022 In the part 4 we described how even before Transparency Institute Guyana Inc (TIGI) began to write on the petroleum contract and advocated for insurance to be included in local content (we had not then made representation for oil spill protection as we began to make recently) Berbice fishermen had demanded oil …

A “Noise and Nonsense” Brigader responds to Dr. C.Y. Thomas – Part 4

May 13, 2022 In part 3 we showed that oil companies seemed to have no trouble providing insurance to protect foreign stakeholders and how moral hazard featured in banking, so much so that it helped bring down the financial system in 2007/8. We also showed that the extent of the Deepwater Horizon damage far exceeded …

A “Noise and Nonsense” Brigader responds to Dr. C.Y. Thomas – Part 3

By Stabroek NewsMay 12, 2022 (A Transparency Institute Guyana Inc column)(Editor’s note: This is the third instalment in a five-part series. The first two instalments appeared on May 10 and May 11. Stabroek News inadvertently omitted to state that these were TIGI columns.) In part 1 we showed that insurance companies knew how to mitigate …

A “Noise and Nonsense” Brigadier responds to Dr. C.Y. Thomas – Part 2

In Part 1 of our response to Dr. CYT, we pointed out that he had neglected to take into account some fundamental points concerning the nature of the insurance business. We pointed out that, even if the oil company decided to indulge in more risky behaviour as a result of taking out the insurance, the …

A “Noise and Nonsense” Brigadier responds to Dr. C.Y. Thomas – Part 1

Dr. C.Y Thomas, in his column of Sunday 17th April last (https://www.stabroeknews.com/2022/04/17/sunday/guyana and the wider world/critiques-2-3-exxonmobil in the courts of law and public-opinion/) under the guise of a critique of ExxonMobil, continued his ridicule of those of us calling for guaranteed compensation in the form of insurance against any damage to the environment of Guyana …

CARICOM must end silence on absence of full coverage insurance from ExxonMobil

Transparency Institute Guyana Inc. (TIGI) is just one of the many agencies that has over the years registered concerns about unsettling matters that remain unaddressed as regards the effective management of the local oil and gas sector.The transparency body is however looking to take their advocacy a bit further as it intends to press the …

Shifting power: Guyana’s energy mix

Panel:    Alfred Bhulai, Simone Mangal-Joly and the Hon. David Patterson, M.P.  Date:      Saturday 2nd OctoberTime:     5PM Guyana/NY, 10PM UK Guyana has reared almost two generations who have endured sporadic blackouts and unreliable and insufficient energy. There have been many proposals over the years to boost Guyana’s energy supply. A few particularly ambitious ones are poised …