US EditionGuyana lawmakers pass bill making companies liable for oil spill damages
- On Friday evening in Georgetown, Guyana’s legislative body approved a bill that holds companies accountable for damages resulting from oil spills.
- The bill aims to strengthen oversight of Guyana's growing offshore oil industry and awaits President Irfaan Ali's expected signature soon.
- It requires operators to provide financial assurance, conduct inspections, address issues found, and imposes penalties including license suspension for non-compliance.
- Guyana's Exxon Mobil-led consortium produced an average of 631,000 barrels per day in Q1, with output expected to exceed 900,000 bpd this year.
- This legislation signals Guyana's efforts to balance rapid oil sector growth with environmental safeguards against spill impacts.
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Janki asks President to withhold assent to Oil Pollution Prevention Bill
Attorney-at-Law, Melinda Janki, has written President Irfaan Ali requesting that he withholds assent to the ‘Oil Pollution Prevention Preparedness Response and Responsibility Bill’ which was passed in the National Assembly on Friday 16 May. The article Janki asks President to withhold assent to Oil Pollution Prevention Bill appeared first on Stabroek News.
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Oil spill law: empowers Exxon, endangers Guyanese
Last Updated on Monday, 19 May 2025, 22:38 by Writer by GHK Lall One of these days trust in politicians in this country will drop to absolute zero. Not a microgram for anyone of them. When I first heard that an oil spill bill was on the way, I said there would be something, some ...
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