HOW EXXON CAPTURED A COUNTRY WITHOUT FIRING A SHOT

[Judi Lynn]

Guyana is poised to become Exxon’s top global oil producer. Where the company ends and the government begins is increasingly unclear.

Amy Westervelt
June 18 2023, 6:00 a.m.

GUYANA’S HIGH COURT handed down a historic ruling in May against both the country’s Environmental Protection Agency and Exxon Mobil’s subsidiary in the region. If it sounds strange that the EPA and Exxon were co-defendants in a case, yes, that’s precisely the point.

The case was brought on behalf of two Guyanese citizens, Frederick Collins and Godfrey Whyte. They accused the EPA of failing to enforce the requirements of its own permits by never securing a guarantee from Exxon or its subsidiary, Esso Exploration and Production Guyana Limited, that the company would cover all costs related to a possible oil spill.

“Guyana taxpayers are currently exposed,” Tom Sanzillo, director of financial analysis for the Institute for Energy Economics and Financial Analysis, said. “The potential consequences for Guyana are catastrophic.”

That’s because Exxon’s drilling project in Guyana is the riskiest kind: deep-water offshore drilling, which involves intense pressure bearing down on complex equipment. The conditions are similar to those that preceded the Deepwater Horizon explosion in 2010, which spewed oil and gas throughout the Gulf of Mexico, costing BP $69 billion.

. . .

In Guyana, it’s become hard to distinguish where the oil company ends and the government begins. Exxon executives join the Guyanese president in his suite at cricket matches, and the vice president regularly hosts press conferences to defend the oil company. Vincent Adams, a Guyanese petroleum engineer and former head of the country’s EPA, has been one of the agency’s harshest critics.

More:
https://theintercept.com/2023/06/18/guyana-exxon-mobil-oil-drilling/