International
‘Black gold’ for Guyana and Suriname, a blessing or curse?
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.
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.
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?
“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.
“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.
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.
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.
“I hope that with the oil the children will no longer have to leave,” she told AFP.
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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
“Promises delivered”: Milei celebrates milestone and pushes ahead with structural reforms
Argentine President Javier Milei marked the second anniversary of his victory in the November 19, 2023 presidential election on Wednesday, declaring that he has fulfilled “every campaign promise” even before reaching the halfway point of his term.
In a message posted on his official X account, Milei stated that his administration set out from day one to implement its political program without concessions. “We have dedicated ourselves to fulfilling every campaign promise, to the point that they were completed in less than two years, despite the entire status quo’s obstruction machine,” the president wrote.
Milei won the runoff election with 55.65% of the vote, defeating then–Economy Minister Sergio Massa, who received 44.35%. He officially took office on December 10, 2023, describing himself as the “first libertarian liberal president in the history of humanity.”
The head of state also highlighted the performance of his party, La Libertad Avanza (LLA), in the October 26 legislative elections, where it secured more than 40% of the votes. This result, he said, gives him the momentum to advance toward a new phase of “structural reforms.”
“We renew our commitment to all Argentines to implement all second-generation reforms so that, once and for all, we enter the path that will make Argentina great again,” Milei wrote, reaffirming his push for a deep transformation of the country’s economic model.
During his presidential campaign, Milei pledged to drastically shrink the size of the state, carry out sweeping labor and tax reforms, and radically overhaul economic policy through a “fiscal shock” plan aimed at controlling inflation and achieving a budget surplus.
International
Haitian authorities mobilize nationwide as gangs threaten confrontation with police
Haiti’s National Police (PNH) declared a state of maximum alert after the leader of the Viv Ansanm armed coalition, Jimmy Chérizier — known as “Barbecue” — urged the population to stay indoors amid the prospect of clashes with security forces carrying out an offensive against gang groups.
The threats came days after the PNH, the Haitian Armed Forces (FAD’H), and the Gang Suppression Force (GSF) launched a large-scale operation against the 400 Mawozo gang, which for years has controlled and kidnapped residents in Tabarre and Croix-des-Bouquets, north of the capital.
The police announced the suspension of all vacations and leave for officers “in order to mobilize all police personnel, with the goal of ensuring optimal security for the population and responding to any eventuality.” Authorities reported that operations will continue specifically in Croix-des-Bouquets, territory controlled by 400 Mawozo under the command of Lanmò Sanjou.
In recent days, security forces located and raided several hideouts used by criminal groups, managing to kill or force the retreat of gang members from strategic areas. Police Director General Vladimir Paraison visited the barracks of the units involved in the operations to express his “appreciation for the courage and commitment of the police in their relentless battles to restore order and uphold the law.”
Chérizier — for whom the United States has offered a $5 million reward — urged citizens on Sunday to remain in their homes so the gangs could confront police forces and “avoid becoming victims.”
“The time has come, Haitian people, to unite to liberate this country,” he declared in a message shared on social media.
International
U.S. House poised to approve bill requiring declassification of Epstein files
A group of lawmakers in the U.S. House of Representatives said on Tuesday that a bill requiring the Department of Justice to declassify documents related to the case of billionaire Jeffrey Epstein is expected to pass with “overwhelming” support.
Democratic Representative Ro Khanna, the sponsor of the proposal, urged the Senate not to allow delays or amendments. “I expect it to pass by an overwhelming majority in the House. I don’t want politicians playing games with this. They need to pass it in the Senate without changes,” he said from Capitol Hill, joined by Republicans Thomas Massie, Marjorie Taylor Greene, and several Epstein victims.
The vote is scheduled for Tuesday at 2:00 p.m. local time, after 218 lawmakers from both parties forced House Speaker Mike Johnson to bring the measure to the floor.
U.S. President Donald Trump, who has been criticized by Democrats for his past friendship with Epstein, stated that he would sign the bill if it passes both chambers of Congress. His support came after a shift in his position, following his name appearing in leaked documents.
Representative Marjorie Taylor Greene, a frequent ally of the president, publicly confronted Trump in recent days over the issue. Standing alongside several Epstein victims, she defended her backing of the bill despite Trump calling her a “traitor.” “These women have fought the most horrible battle that no woman should ever have to fight (…) even against the president of the United States,” she said.
Taylor Greene added that the “real test” will be whether the Department of Justice complies with releasing the documents once the bill is enacted. “Or everything will remain sealed under the pretext of ongoing investigations,” she warned.
Haley Robson, one of the victims, also spoke during the press event. “I’m traumatized, I’m not stupid,” she said firmly, arguing that attempts by certain sectors to delay the process have caused tremendous emotional harm. “This is not political. This is America. This is the land of freedom,” she stated.
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