International

‘Black gold’ for Guyana and Suriname, a blessing or curse?

Photo: Patrick Fort / AFP

AFP | Patrick Fort

Emerging as potential oil powers while the world seeks to wean itself off planet-warming fossil fuels, poverty-stricken South American neighbors Guyana and Suriname say they have to cash in while they can.

The former Dutch colonies are among the world’s most tree-covered countries, hosts to the so-called forest “lungs” that sequester massive amounts of planet-warming carbon dioxide.

Their economies and populations small, the countries have traditionally emitted little CO2 or other greenhouse gasses from fossil fuel use — in fact Suriname is one of only three carbon-negative countries in the world and Guyana claims carbon neutrality.

But some fear this could change with the recent discovery of rich offshore oil deposits in an area known as the Guyana-Suriname Basin.

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Guyana, a country of 800,000 people, was recently found to have proven reserves of at least 10 billion barrels of oil, likely much more according to experts.

This makes it the country with the highest reserves per capita in the world — which consumes 99.4 million barrels of oil per day.

Early assessments suggest the reserves of Suriname, a country of 600,000 people, may not be far behind.

“It will be hard to remain carbon neutral as a country (involved in the) petroleum sector,” economist Steven Debipersad of the Anton de Kom University in Suriname’s capital Paramaribo, told AFP.

The projected $10 billion Suriname stands to make in the next 10 to 20 years, will likely bring economic growth at the cost of the environment, he said.

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The country’s GDP today is about $3 billion.

Hungry ‘every day’

Their presidents insist Guyana and Suriname cannot be expected to turn their backs on a chance to fill their countries’ coffers and raise the quality of life for their people.

The countries are among the poorest in South America, with vast swathes of their populations living without electricity, clean water or access to adequate health services.

In a Paramaribo ghetto named Texas, dirty sewer water flows among dilapidated wooden homes.

Resident Edison Poekitie, a 23-year-old musician, scrapes by on no more than $50 a week. Does he go hungry?

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“Every day!” he told AFP. “It’s hard out here, really hard.”

The community, he added, needs “water pipes, cables, new roads without potholes, schools, better houses, playgrounds…”

Poekitie said he hoped the government would spend the oil money “wisely,” a sentiment echoed by 45-year-old food truck owner Brian Braithwaite in a poor neighborhood of the Guyanese capital Georgetown.

“Hopefully they do something so that… people (who) live on the street can do better,” Braithwaite said.

‘Oil curse’

Both presidents have vowed to make judicious use of their windfall petroleum profits, though some are worried that will undercut the sovereign wealth funds set up to guard some money for future generations.

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“We are quite aware of the oil curse,” Suriname President Chan Santokhi told AFP, alluding to neighbor Venezuela and other resource-rich countries such as Angola and Algeria that were unable to turn oil wealth into social and economic progress.

“We… should also get the opportunity to benefit from the production of oil and gas and its income” to address a biting economic crisis “and help our people to have better lives,” he insisted.

For his part, Guyanese President Mohamed Irfaan Ali wants to use the oil income to “create wealth for now, and future generations.”

Both speak of using the money to diversify their economies with investments in agriculture, tourism, housing, education and health care.

Eventually, “the oil and gas will be gone, but the food security should be guaranteed,” said Santokhi.

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Oil money for green energy

Oil extraction and refining are major contributors to greenhouse gas emissions.

Though they have historically emitted little, Suriname and Guyana are both deeply affected by global warming — in the crosshairs of worsening tropical storms and of flooding from rising sea levels.

Presidents Santokhi and Irfaan Ali believe they can maintain their countries’ carbon balances by using oil money to protect their forests and invest in green energy.

Defending the forests that cover about 87 percent of Guyana and 93 percent of Suriname is also economically sage: both countries can sell so-called carbon credits to polluters who need to offset emissions.

For Guyana, carbon credits are worth about $190 million per year, said Irfaan Ali.

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Monique Pool, director of the Green Heritage Fund of Suriname, is not convinced by the two-pronged approach.

“Carbon credit will give us more money faster than oil and gas and for longer because it will be sustainable,” she told AFP.

In Georgetown, activist Christopher Ram agreed the oil should be left in the ground, expressing fear of exploitation by ruthless companies in the absence of “good governance.”

Instead, “I would go to the international community and say: ‘We are a small country, we’ve always been good to the environment, we want to stay that way… help us get the benefits we would have got with oil’.”

But 53-year-old Cynthia Neel, who sent her daughter from Suriname to the Netherlands at the age of six for education and a chance at a better life, is hopeful of positive change.

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“I hope that with the oil the children will no longer have to leave,” she told AFP.

Economist Steven Debipersad poses for a picture at the Istitute of Graduate Studies in the Anton de Kom University in Paramaribo, on September 14, 2022. - Emerging as potential oil powers while the world seeks to wean itself off planet-warming fossil fuels, poverty-striken South American neighbors Guyana and Suriname say they have no choice but to cash in while they can. (Photo by Patrick FORT / AFP)

International

Epstein Denies Being ‘the Devil’ in Newly Released Video Interview

Jeffrey Epstein claims he was the least dangerous type of sex offender and denied being “the devil” in a video interview included in the latest batch of documents released over the weekend by the U.S. Department of Justice.

The roughly two-hour interview was conducted by Steve Bannon, a former adviser to U.S. President Donald Trump, and appears to have been recorded at the late financier’s New York residence on an unknown date.

Epstein died by suicide in 2019 while in jail awaiting trial on sex trafficking charges involving minors. Since December, the U.S. government has released millions of documents related to the case under transparency laws.

“Do you think you’re the devil incarnate?” Bannon asks Epstein in the video interview revealed in the latest release.

“No, but I do have a good mirror,” Epstein replies with a smile, wearing a black shirt and glasses. When pressed again, he adds, “I don’t know. Why would you say that?”

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Epstein, who pleaded guilty in 2008 to soliciting a minor for prostitution, also appears to downplay the seriousness of his conviction.

He objects when Bannon refers to him as a “Level Three sexual predator,” a classification in the United States indicating a very serious threat to public safety.

“No, I’m the lowest,” Epstein says.

“But still an offender,” Bannon responds.

“Yes,” Epstein replies.

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The exchange comes after Bannon asks Epstein whether he considers his wealth to be “dirty,” suggesting it was earned by advising “the worst people in the world.”

Epstein insists that he made his money legally, while acknowledging that “ethics is always a complicated issue.”

He claims he donated money to help eradicate polio in Pakistan and India, apparently in an attempt to justify the origins of his fortune.

The documents also show that Bannon maintained regular correspondence with Epstein, who offered to help the far-right political figure spread his conservative ideology in Europe.

Since Trump took office in January 2025, U.S. authorities have released millions of pages related to Epstein, along with photos and videos.

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These materials have shed new light on Epstein’s ties to high-profile business executives such as Microsoft co-founder Bill Gates, celebrities including filmmaker Woody Allen, and academics and political figures, among them Trump and former President Bill Clinton.

International

Hypothermia Linked to Most Deaths During New York’s Recent Cold Spell

Hypothermia “played a role” in 13 of the 16 deaths recorded in New York City during the recent period of extreme cold, Mayor Mandami said at a press conference. Three of the deaths were classified as drug overdoses.

None of the individuals were sleeping on the streets at the time of their deaths, the mayor added, noting that some had previously been in contact with emergency shelter services.

Mandami said the city has activated emergency warming centers and deployed a fleet of 20 vehicles staffed with medical personnel to respond to the cold weather crisis.

“As of this morning, we have made more than 930 referrals to shelters and safe facilities. We have also involuntarily transported 18 New Yorkers who were deemed a danger to themselves or others,” he said.

According to official statistics, New York City recorded between nine and 27 cold-related deaths per year from 2005 to 2021. That number rose to 34 in 2021 and climbed further to 54 in 2022.

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City Comptroller Mark Levine estimated that there are “tens of thousands” of homeless New Yorkers, “most of them families with children.”

He said that “nearly 95%” of the city’s homeless population lives in municipal shelters.

In August 2021, those shelters housed 44,586 people, the “lowest daily population in nearly a decade,” according to official data.

However, the shelter population increased from 22,955 to 62,679 people between January 2000 and January 2020, highlighting the long-term growth of homelessness in the city.

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International

NFL Investigating Emails Linking Giants Executive to Jeffrey Epstein

NFL Commissioner Roger Goodell said on Monday that the league will “examine all the facts” regarding contacts between New York Giants co-owner Steve Tisch and Jeffrey Epstein, revealed in documents recently released about the late convicted sex offender.

The batch of files, made public on Friday by the U.S. Department of Justice, includes emails suggesting that Epstein introduced several women to Tisch.

Tisch, a film producer who has never been charged in connection with Epstein, issued a statement last week denying any wrongdoing.

“I had a brief relationship in which we exchanged emails about adult women, and we also discussed film, philanthropy, and investments,” Tisch said of his correspondence with Epstein, which dates back to 2013.

“I did not accept any of his invitations and never went to his island. As we all now know, he was a terrible person and someone I deeply regret having associated with,” he added.

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Speaking at a press conference in San Jose, California, on Monday, Goodell said the NFL would carefully review the details of the ties between Tisch and Epstein.

“We’re going to examine all the facts,” the commissioner said. “We’re going to look at the context of those exchanges, try to understand them, and see how that fits within the league’s policies.”

Tisch, 76, could face disciplinary action under the NFL’s strict personal conduct policy, even if he is not found guilty of a crime.

“We’re going to take this step by step. First, let’s gather all the facts,” Goodell said at the press conference, which was part of the events leading up to Sunday’s Super Bowl between the Seattle Seahawks and the New England Patriots.