The Govt could have done better when negotiating

first_imgDear Editor,I have observed from the various articles and publications in the press that the executive branch of the Government solely participated in the fashioning of a contract which was duly executed by the executive branch of Government with the world’s giant oil company, ExxonMobil.One of the terms of the contract as I understand it is that the Parliament of Guyana, the highest lawmaking body of the land, cannot alter the terms of the contract.  Parliament, whose members were duly elected by the people and represents the entire population of Guyana had no say or contribution to the terms and conditions of the document that was arbitrarily and unilaterally signed by the executive branch of the Government.The Guyana Parliament was never a party to the contract nor were they consulted on the terms of the contract. My question is, how can any institution or legal persona that is not a party to a contract, be fettered by the terms of such a contract?It appears the other branch of Government, the Judiciary, is also muzzled by the oppressive terms of this contract which are inimical to the people of Guyana whose resources are now contracted to be plundered by Exxon.What is the remedy? In a country of peasants and hard-working marginalised people – of which over 33 per cent are unemployed – it appears to me if the contract cannot be renegotiated by the parties thereto, the very executive branch of Government that agreed to the terms and Exxon, to give equitable terms to the people of Guyana – the only remedy that will be left is that a new generation of incensed and deprived Guyanese, like the people of Ghana, will have no alternative but to agitate, oppose and demand that the plunderer be nationalised.The patriot, Burnham, whose policy the President and Government espoused to embrace always proclaimed to foreign investors, if the terms are not favourable to the Government and people of Guyana then its resources shall remain intact for another generation of Guyanese.Yours respectfully,Jailall KissoonAttorney-at-Lawlast_img read more

Exxon contract released, finally

first_img…oil giant to receive sweeping concessions…no VAT, corporation or excise taxes; Gov’t to foot income tax payments…Govt barred from modifying contractBy Jarryl BryanAfter much public pressure, the contract renegotiated between ExxonMobil and the Government of Guyana has been released. While it contains clauses for the company to put aside millions for local content, it also grants sweeping tax concessions.A page from the actual contract. It shows how ironclad the contract isThe contract was signed in June 2017 between the coalition Government, ExxonMobil and its partners in the Stabroek block. In Article 15 of the contract, Exxon is exempted from paying Corporation, Excise or Value Added Tax (VAT) on its earnings from petroleum.Article 15.4 also provides for the Government itself to pay the company’s income tax. To facilitate this, the oil company has to submit tax returns to the Government.That’s not all. Article 32 stipulates that Government cannot modify the contract or increase any fiscal obligation the company has.Exxon’s operations in the Stabroek blockThis therefore puts a cap on the taxes, royalties, duties, fees or charges outlined in the contract. Government also has to compensate the operator if a change to existing laws causes loss of revenue for the company.According to Article 32.3, “If at any time after the signing of this agreement there is a change in the laws of Guyana… and such a change has a materially adverse effect on the economic benefits, including those resulting from the fiscal regime provided by this agreement… the Government shall promptly take any and all affirmative actions to restore the lost or impaired economic benefits to contractor, so that contractor receives the same economic benefit under the agreement that it would have received prior to the change in law or its interpretation, application or implementation.”The contract goes on to say: “The foregoing obligation shall include the obligation to resolve promptly, by whatever means may be necessary, any conflict or anomaly between this agreement and any such new or amended legislation, including by way of exemption, legislation, decree and/or authoritative acts.”But there are provisions for Exxon to fulfil its corporate social responsibility. This includes a fund for social and environmental projects. Exxon has to contribute US$300,000 per year to this fund. The sums roll over, and the company, together with Government, will determine which projects to fund.The contract sets aside another US$300,000 per year to ensure Guyanese personnel are trained at local or overseas universities and conferences. There are also provisions for a continuous review of local content.More moneyAt a press conference where the release of the contract was announced, Natural Resources Minister Raphael Trotman expressed “bemusement” at the suggestions that Guyana should have taken a harder line in negotiating a better deal.Natural Resources Minister Raphael TrotmanThrowing blame for the content of the renegotiated contract at the feet of the former Government, Trotman noted that the Government’s priority was not to negotiate for more money for Guyana. He therefore questioned those making such calls.“There has been much said about the size of the block, and that yours truly gave away Guyana’s birth-right. For the reasons I stated earlier and for the strategic importance of having this company develop the resources on our behalf, we sought to maintain the exact proportions of the grant that had been given by the PPP Government. We did not take a single millimetre, nor did we add a single millimetre to what had already been given to Exxon,” he explained.“So the claim about us giving away the resource and losing, I am amazed at (it). The value of the resource is already about US$106 billion, with Guyana being entitled to half of that. It is bemusing to understand this clamour for more money when in fact we should be more concerned about how we will manage this resource. How are we going to protect this resource? Because there are going to be others who will want to share it… sometimes without prior consent,” he declared.While the contract was derived from the 1999 agreement, Opposition Leader Bharrat Jagdeo has, in the past, defended this by pointing out that the generosity of the provisions were meant to attract a large-scale investor in the sector.“Let me first say that Guyana should be thankful to Janet Jagan. In a similar situation as we had in 1999, I would have probably done the same… At the time when Janet gave the blocks out, we did not have many takers,” Jagdeo had said in September of this year. “The fact that there are so many blocks remaining also proves that we did not have many takers. In 1999, Guyana was considered as a high-risk.”Guyana’s high risk status has been changed since ExxonMobil’s 2015 oil find in the Stabroek Block — and before the renegotiated contract. In May of that year, Exxon confirmed that more than 295 feet of high-quality oil-bearing sandstone reservoirs had been encountered at its Liza 1 exploration well.In late June 2016, Exxon’s drilling results at Liza 2 revealed more than 58 metres of oil-bearing sandstone reservoirs in Upper Cretaceous formations. The well was drilled to a depth of 5,475 metres at 1692 metres water depth. Drilling results confirmed recoverable resources to be between 800 million and 1.4 billion barrels of oil equivalent.last_img read more

Property taxes due by Friday

first_imgFinally, any property owner who has not yet received a 2010 tax notice should contact City Hall immediately at 250-787-8150. Residents who don’t pay their property taxes before leaving for the long weekend will be facing penalties.The penalty-free payment deadline is at 4:30pm on Friday.The penalty is 10 per cent and it will be added to your outstanding balance.- Advertisement -You can again pay your taxes this year, by internet banking, phone banking, at most financial institutions in the city, and at city hall by cheque, cash or debit card.You can also use Canada Post, but cheques sent to city hall through the mail should be post marked to July 2nd, 2010 and residents should allow for delivery time.Furthermore, if you’re submitting a Home Owner Grant Application that must be done prior to the deadline, regardless of what payment method is used.Advertisementlast_img read more

Exclusive – Crystal Palace are working on deal for PSG star, confirms Eagles chief

first_imgCrystal Palace chairman Steve Parish has confirmed the club are working on a deal to bring PSG midfielder Yohan Cabaye to Selhurst Park.Cabaye is reportedly keen on a move back to the Premier League and is looking for guaranteed first-team action with Euro 2016 just a year away and his place in the France squad in doubt.The 29-year-old excelled in his spell at Newcastle before moving to France, and a potential reunion with former Magpies’ and current Palace boss Alan Pardew could prove key in striking a deal.Reports emerged last week of rumours linking the Eagles with the Frenchman, and Parish admitted a move would be a huge coup for his club.“There’s definitely one we would like to do. It would be a massive thing for the club obviously,” the Palace chief told the Transfer Tavern.“He’s a seasoned international, so it’s definitely one we are working on.”Parish is hoping that securing a deal for Cabaye could help build on Palace’s impressive tenth-placed finish in last season’s top flight, but confesses the current transfer market is proving difficult to operate in.He added: “Getting the top players is difficult. It’s a bit blocked up really, nobody wants to go first or set the valuation.“For us to get into the top ten in the Premier League, we have to make sure we are bringing in top ten players.”last_img read more

Times to lose 8% of editorial staff

first_img Last week, The Sun said it would cut 75 jobs, or 5 percent of its work force, with 12 to 15 expected to come from the newsroom. In September, Newsday, the Tribune Co.’s dominant daily newspaper on Long Island, said it would reduce its coverage of New York City and cut 45 positions from its newsroom staff. Last month, Chicago-based Tribune, whose holdings include 11 daily newspapers, 26 television stations and the Chicago Cubs, said third-quarter profits tumbled 82 percent because of an adverse tax ruling that forced it to take a huge charge. The media company’s results also showed continuing sluggishness in advertising sales and lower revenue from newspaper circulation, although Tribune executives said recent circulation trends show improvement. Tribune Co. spokesman Gary Weitman said there was no directive to the dailies about job cuts but said they are being made as individual papers develop their operating plans. Last month, Chairman and CEO Dennis FitzSimons said in his third-quarter letter to shareholders that “all of our newspapers are pursuing further cost reductions to be implemented by year end.” Newsroom cuts do not necessarily mean diminished news coverage, said newspaper analyst John Morton, president of the media consulting firm Morton Research Inc. “These newspapers generally have by industry standards fairly fat news staffs, so generally the layoffs are not draconian,” Morton said. In September, The New York Times Co. said it would cut about 500 jobs across its company, or 4 percent of its work force; Philadelphia’s two major newspapers said they would cut a combined 100 jobs. The San Jose Mercury News, owned by Knight Ridder Inc., cut 16 percent of its newsroom staff earlier this month through attrition and buyouts. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWalnut’s Malik Khouzam voted Southern California Boys Athlete of the Week Publisher Jeff Johnson told employees in a separate memo that job cuts in other departments will be announced over the next three weeks, as will initiatives to boost circulation and advertising revenue. In Chicago, the total number of Tribune jobs cut will “likely” be fewer than 100 and will be distributed across all departments, publisher David Hiller said in a memo to employees. Many of the jobs being eliminated are open positions but there will be no voluntary buyouts, he said. Decisions on layoffs will be made in the next two weeks. The Orlando Sentinel’s publisher, Kathy Waltz, told staff in a memo the paper would cut “a limited number of positions,” according to copies of the memo posted on several industry Web sites. Waltz did not say how many jobs would be cut or from which departments. The Florida paper did not immediately return a call for comment on Wednesday. Three newspapers owned by Tribune Co., including the company’s two flagship papers in Chicago and Los Angeles, said Wednesday they will cut jobs amid declining circulation and revenue. The cuts come one week after another Tribune paper, The (Baltimore) Sun, and Knight Ridder Inc.’s San Jose Mercury News both announced similar cost-cutting moves. The Los Angeles Times said Wednesday it is eliminating about 85 newsroom positions, or approximately 8 percent of its editorial staff. Some of the cuts already have come through attrition and some will come through a voluntary separation program, editor Dean Baquet wrote in an e-mail to staff. The balance will come through layoffs by year’s end. last_img read more

Injury stricken Express welcome Kirinya to Wankulukuku

first_imgExpress are expected to be without several first team players on Wednesday. (file photo)StarTimes Uganda Premier League Express FC vs Kirinya JSS FCBetway Mutessa II Stadium, Wankulukuku Wednesday, 24-04-2019 @4:30pmWANKULUKUKU – Express FC have once again endured a frustrating season as they have not come close to the top than they have to the bottom.But unlike last season, the Red Eagles go into the last three games knowing that they will feature in the StarTimes Uganda Premier League for at least another season.By this time last year, the Wankulukuku faithful was down on the knees praying that the team is not relegated, a prayer that was answered in the last few minutes of the season.Going into Wednesday’s game at home to Kirinya JSS, Express are 11th on 33 points, 7 away from the drop zone.They are also in the semifinals of the Uganda cup, the only traditional giant still having a chance to winning the most prestigious competition in Uganda.For the 28th game of the season, they head into it with several injury concerns as up to four of their key players are nursing injuries.Tony Odur who has been in and out of the team is expected to miss out once again. Eric Kambale, Captain Isaac Mutanga and reliable defender John Revita are also major doubts for the visit of Kirinya. After a horror show in the loss to KCCA last week, goalkeeper Tony Kyamera is expected to drop back onto the bench with Matthias Muwanga retaining the starting slot in between the sticks.For the visitors Kirinya, they have endured an ‘ok’ season as per their standards.Currently occupying 8th, six points above the Red Eagles, the Students have had some big results in the season despite starting it slowly, resulting into a change in management as Charles Ayieko was replaced by Abby Kikomeko.Kikomeko looks to have done his magic as the students have enjoyed a decent run of form that has seen them fend off relegation fears at some point, and are now targeting a top four spot as they sit only six points behind Tooro United who occupy 4th.Kirinya are just six points off top four. (file photo)Under Kikomeko, Kirinya have defeated SC Villa, Mbarara City and Police FC, something that was unimaginable at some point in the season.In David Bagole and youthful-Joel Madondo, Kirinya have two players that have consistently performed at the top level and helped them move up the table.If the later can shake off a knock in time for the Express game, the Red Eagles will have plenty to think about when Kirinya comes at them on Wednesday.Match Facts:This will be the 6th encounter between Express and Kirinya since the Students were promoted to the top tier in 2016.In the first five, Kirinya has won two, Express one with the other two ending in draws.Going into the game, this fixture is yet to produce a winner at Wankulukuku with both games that were hosted by Express ending in draws. 1-1 in 2016 and 0-0 the following year.When the two sides met earlier this season at the Mighty Arena, Kirinya defeated Express 1-0.Going into Wednesday’s game, Express have won only one of their last six league games (D2 L3). The only victory in that period was the 2-0 home win against relegated Paidha Black Angels at the start of this month.At home, the Red Eagles have also won only one of their last six games (D4 L1).For Kirinya, they head into the game having won six of their last 9 League games (D0 L3).However, away from home, the Students have been struggling lately, winning only one of their last 7 games (D1 L5).The other games on Wednesday:-URA FC vs Mbarara City FC-Paidha Black Angels vs Onduparaka FC-Bul FC vs Bright Stars FCComments Tags: Abby KikomekoDavid BagoleEric KambaleExpress FCJoelm MadondoJohn Revitakirinya jssStarTimes Uganda Premier LeagueTony odurtoplast_img read more

Inishowen road to be closed on Wednesday to facilitate bridge repair works

first_imgRepairs continue to take place in Inishowen following the catastrophic flooding which devastated Donegal two months ago.Donegal County Council has announced that the Mountain Road R244 will be closed from 7am to 7pm on Wednesday, November 1st to facilitate bridge repair works at Craignahorna.Diversions will be via Clonmany to Ballyliffin on the R238. Source: Donegal County CouncilDuring the floods, the masonry arch collapsed, leaving the road impassable.Over 600 complaints have been made along the 1,500km road network in Inishowen, with approximately 115 bridges being damaged by the flooding (a quarter of these bridges were completely destroyed).The total repair costs have been estimated to be in the region of €15.3 million. Inishowen road to be closed on Wednesday to facilitate bridge repair works was last modified: October 27th, 2017 by Elaine McCalligShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:BallyliffinCarndonaghclonmanyCraignahornaInishowenroad workslast_img read more

Mill owner to pay €767 after water level drop led to death of two fish

first_imgAn Inishowen man has been ordered to pay almost €800 in prosecution costs after he was taken to court over the death of two fish in Donagh River last year.Liam O’Connor, 65, of Milltown, Carndonagh, admitted taking water from the Donagh River in July last year, an action that resulted in the death of two fish, when he appeared before Carndonagh District Court. Prosecuting solicitor for Inland Fisheries Ireland, Liza Finnegan said the fishery officers received a report of dead fish in the Donagh River in Carn.She said an investigation followed and fishery officer Peter Kelly went to the river and spoke with Liam O’Connor, who owns the Old Mill and the Mill Pond, which is beside his home.Ms. Finnegan said Mr. O’Connor was carrying out maintenance on the river, which was below the water level.“He was asked to reinstate the water and give the flow back to the river as there were two trout found dead due to the low water level,” Ms. Finnegan explained.“He was reluctant to adjust the water flow but Fishery Officer Kelly explained about the importance of doing this to keep the river at a good level for the fish stock.”Ms. Finnegan said when the Fishery Officer said went back to patrol the Donagh River on July 18, he spoke with Mr. O’Connor again when he was looking at the Mill Pond.“He said he had a right, and his family always had the right, to draw water from the river to power the Old Mill,” Ms. Finnegan said.“But there was a substantial amount of water taken from the river on this occasion.”Defence solicitor for Mr. O’Connor, David Henry said Mr. O’Connor and his family had the rights to the Mill Race for generations and he was maintaining it at his own expense for years.Mr. Henry said there was no monetary benefit to Mr. O’Connor. He said there was a Circuit Court order made in 2002 that gave Mr. O’Connor the right to clean the Mill Race [a current of water that turns a mill wheel].He said he diverted water up stream in the river and if he hadn’t done this the water would have been restricted from getting into the Mill Race completely and more fish would have been lost.The Buncrana based solicitor explained that the flood in August 2017 had a huge impact on the river. He said the dry weather in June and July last year also affected the water level in the Donagh River.“During the flood of 2017 a huge deposit of salts and gravel built up in the river and above the Mill and they were unable to get in to extract water,” Mr. Henry explained.“Mr. O’Connor carried out a lot of work on the river and in 2018 they were able to get back in. Last summer there was a prolonged spell of dry weather which, contributed to the dryness in the river,” he added.Mr. Henry said Mr. O’Connor was very apologetic and said it was unfortunate that fish were lost due to his actions. However he said it was fortunate that the loss was limited to two fish.He said his client pleaded guilty and was very helpful and polite to the fishery officers, assisting them where he could.Judge Paul Kelly ordered Mr. O’Connor to pay Ms. Finnegan’s prosecuting solicitor costs of €767.93, adding that if he did that in a month he would strike the matter out.Mill owner to pay €767 after water level drop led to death of two fish was last modified: July 4th, 2019 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:CarndonaghdeatdonegalInishowenmillrivertroutlast_img read more

Thursday’s QPR quiz

first_imgTest your knowledge by seeing how many of these five QPR-related questions you can answer correctly.[wp-simple-survey-102] 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 Follow West London Sport on TwitterFind us on Facebooklast_img read more