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Israeli strikes K NEWS on Lebanon and Gaza kill dozens AIETEUR
November 11, 2024 - Vol. 17 No. 44 Online: www.kaieteurnews.com Online Price $100 readership yesterday, 45,827
Guyana’s largest selling daily & New York’s most popular weekly
EPA moving ahead with th oil project while Jagdeo halts search for consultants to review plan
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Front Page Comment
Man shot after Man dies Let the people decide stopping fight in boat crash outside bar Norton calls on PNCR to up campaign
“to retake government”
Man in court for $3.3M ...brags of connections in Housing fraud Ministry, Police Force, Gold Mining GRA demands release of final audit report on Exxon’s US$7.3B expenses p. 3
Eight years ago, a Production Sharing Agreement (PSA) was signed between the oil companies and the APNU+AFC government. That agreement should have been a ticket to a prosperous future. Instead, it has b e q u e a t h e d disappointment. It is the oil companies, not the people, who are profiting most from this lopsided agreement. The PPP/C, which assumed office four years ago, in turn has betrayed the nation by its stubborn refusal to honour its promise to renegotiate the agreement's unfair terms. Both administrations have therefore sold out the people and betrayed their mandates to secure the best possible future for every Guyanese. The people of Guyana have watched as other oilproducing nations have moved forward with betternegotiated contracts, ensuring substantial national gains from their natural resources. Yet, here in Guyana, we are left questioning why our leaders allow such an imbalanced contract to persist. The government's refusal to address the PSA's shortcomings leaves many wondering where its true loyalties lie—with the citizens who elected them or
with the powerful oil companies they seemingly fear to challenge. To break free from this cycle of governmental betrayal, the people must be allowed to have their say. It is time for a national referendum to settle this issue once and for all. This is a matter that affects all Guyanese. The people must be given the power to decide if renegotiation is the path to take. A referendum will make it clear to our leaders that we expect nothing less than the best for Guyana's future. With billions of US dollars' worth of oil sitting beneath our soil, the stakes are far too high to be ignored. Guyana deserves more than paltry returns while bearing all the risks associated with this industry. The people should not be made to suffer while oil companies and their foreign shareholders revel in profits derived from our national treasure. This is why the people's demand should be: “We want a referendum, and we want it before the next general and regional elections!” This call must echo across all of Guyana, stirring a sense of purpose and determination to secure a fair deal for Guyana. Let the people decide.