K
AIETEUR Trump revokes legal NEWS
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status for 530,000 immigrants in the US
March 23, 2025 Online: www.kaieteurnews.com
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...Cubans, Haitians, Nicaraguans and Venezuelans could face deportation from April 24
Online readership yesterday, 48,899
ExxonM dodges question on whether operations can lead to cancer, other diseases ...says taking measures to ensure safety of workers Front page comment:
Over 200 affected after fire destroys The Mother, Father, and Godfather of the Oil Industry sections of Critchlow Labour College
Sections of the Critchlow Labour College on Woolford Avenue were destroyed by fire on Saturday.
Teen arrested over uncle’s murder after sharing burial plan with relative Guyana woos foreign Govt. issues order investors with attractive to acquire more land for Gas-to mining opportunities … MNR showcases country's mining potential and lucrative benefits
-Energy project
Govt. and Opposition MPs a no-show at Exxon's public meetings on 8th project
It is a rare thing, in the life of a young nation, to be handed a fortune so vast it could rewrite the destiny of generations. Rarer still, to watch that fortune squandered in broad daylight, signed away with the stroke of a pen and the empty promise of a "bigger bone tomorrow."Guyana's oil wealth, untapped for centuries, is now gushing from the seabed. But the money that should transform this country from poverty to prosperity is being siphoned away—legally, methodically, and without remorse. Ring-fencing, a mechanism that could have ensured Guyana's fair share, has been rejected outright. Vice President Bharrat Jagdeo and Opposition Leader Aubrey Norton, the two men with the power to correct this economic heist, have chosen instead to leave the vault wide o p e n f o r ExxonMobil.Norton tells us he is still "weighing the pros and cons." Jagdeo assures us that by refusing to ring-fence, Exxon will recover its costs faster, and Guyana will soon collect its full 50% share. But reality has exposed their logic as nothing more than a fairy tale. In recent weeks, oil prices have dropped, pushing that promised "big bone" into the unforeseeable future, and
Guyana is left footing an ever-growing bill. Every new project approved without ring-fencing is another mountain of expenses Exxon gets to pile onto our backs. At this rate, we may never see our full share—at least, not in this lifetime.The Vice President, when asked to account for the consequences of his gamble, fumbled, hesitated, and grasped at diversions. He did not answer because he cannot answer. His strategy is simple: obfuscate, distract, and lead the public in circles until they are too weary to ask again. Meanwhile, ExxonMobil rakes in billions, while Guyanese struggle to put food on the table.Every oil-producing country with leadership that values its people has ring-fenced its projects. Suriname, our neighbour, has done it without hesitation. They haven't pumped a single drop of oil, yet they have secured their future. And us? We are left with crumbs from the table, while our leaders throw cash grants at the citizens like scraps to pacify a starving crowd.If Guyanese do not demand action now, if we do not insist on ringfencing today, we will wake up tomorrow to find that our wealth, our opportunity, and our future have been stolen right from under us.