https://www.stabroeknews.com/2022/08/04/news/guyana/flaring-fee-paid-by-exxonmobil-is-pittance-compared-to-its-earnings-adams/
4 replies (most recent on top)
Be assured the people of that country can void exploitive contracts at any time.
And I'm not sure our govuhment would go military for EM down in Jim Jones land.
Not even a tejan version of wagner would do that.
The guyana eventual debacle will signal another end to EM's technology status.
Flaring, on the other hand, is a commodity. Link up with the Cremation industry.
That's what brilliant minds would do.
If any of y’all have ever ran the economics for these projects, the cost of flaring is included. It is, in fact, economic and profitable to flare rather than the alternatives.
I am sure Guyana would prefer we shut in production and not produce any oil or revenue for the country.
Former head of the Environmental Protection Agency (EPA), Dr Vincent Adams says that the flaring fee being paid by ExxonMobil to Guyana is only 3% of what the company earns from the oil produced during flaring.
In a letter that was published in Tuesday’s edition of Stabroek News, Adams wrote, “It is repulsive that their [Exxon] only gas talks are to insultingly boast about the pittance they throw at us as a flaring fee which turns out to be a measly 3% of the money they reap from the flaring.”