Connect with us

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.

Advertisement
20260330_renta_mh_728x90
previous arrow
next arrow

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.

Advertisement
20260330_renta_mh_728x90
previous arrow
next arrow

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?

Advertisement
20260330_renta_mh_728x90
previous arrow
next arrow

“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.

Advertisement
20260330_renta_mh_728x90
previous arrow
next arrow

“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.

Advertisement
20260330_renta_mh_728x90
previous arrow
next arrow

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.

Advertisement
20260330_renta_mh_728x90
previous arrow
next arrow

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.

Advertisement
20260330_renta_mh_728x90
previous arrow
next arrow

“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)

Continue Reading
Advertisement
20260330_renta_mh_300x250

International

Petro accuses top guerrilla leader of bribing officers to evade military strikes

Colombian President defends his government's social reforms

The president of Colombia, Gustavo Petro, said Saturday that the country’s most wanted guerrilla leader is bribing members of the security forces to obtain advance information and evade military operations.

According to the government, Iván Mordisco, a dissident leader of the now-defunct FARC, is currently on the run in the जंगल following an الجيش bombardment last week that killed six of his closest collaborators in the department of Vaupés.

Authorities believe the guerrilla commander had been at the site shortly before the operation. “He buys off the commanders who are supposed to capture him; that’s how he escapes the bombings, but leaves his own people to die. He is warned before every strike,” Petro wrote on social media platform X.

The six individuals killed in the strike were part of Mordisco’s security ring, according to Defense Minister Pedro Sánchez.

Local media reported that one of those killed was a woman known as “alias Lorena,” who was allegedly Mordisco’s partner and the mother of his child.

Advertisement

20260330_renta_mh_728x90

previous arrow
next arrow

After failed attempts to negotiate peace, Petro’s administration has shifted to a more aggressive military strategy against the guerrilla leader. In recent months, three of Mordisco’s brothers have been captured and now face charges including homicide, kidnapping, and arms trafficking.

Continue Reading

Central America

Costa Rica urges China to halt actions against Panama-flagged vessels

The government of Costa Rica on Saturday called on China to halt retaliatory actions against vessels flying the Panamaflag, amid escalating tensions over control of two strategic ports linked to the Panama Canal.

In a statement shared on social media, Costa Rica’s Foreign Ministry warned that the situation “puts global trade at risk” and expressed its “deep concern and strongest condemnation” over what it described as “arbitrary and unjustified delays and inspections in Chinese ports.”

The Costa Rican government urged “full respect for international law, particularly the United Nations Convention on the Law of the Sea,” while reaffirming its “unconditional support and solidarity” with Panama.

San José’s position aligns with growing international criticism from countries including Honduras, Peru, Paraguay, Israeland Ukraine.

Paraguayan authorities described the detentions as “unacceptable” and pointed to what they called “undue pressure” on the Panamanian government.

Advertisement

20260330_renta_mh_728x90

previous arrow
next arrow

Continue Reading

International

Mexico leads global cases of enforced disappearances, UN report finds

Mexico accounts for the highest number of urgent actions related to enforced disappearances worldwide, according to the latest report by the UN Committee on Enforced Disappearances.

The report, released by I(dh)eas, indicates that Mexico has accumulated 819 cases between 2012 and February 2026, representing 38% of the global total.

In the past five months alone, 40 new urgent requests have been recorded — more than one-third of all such actions worldwide during that period.

The report warns that this trend reflects a structural problem, as the urgent action mechanism — originally intended as an exceptional measure — has become routine in Mexico.

Although the Mexican state formally complies with response deadlines, the Committee identified significant shortcomings in the implementation of these measures. These include the lack of comprehensive search plans, delays in key investigative procedures such as video surveillance and phone data analysis, and insufficient inquiries into possible links involving state agents.

Advertisement

20260330_renta_mh_728x90

previous arrow
next arrow

The report also highlights inadequate protection for relatives and individuals involved in search efforts, including cases of reprisals.

Among the most serious incidents documented is the disappearance of a father who had denounced alleged involvement of authorities in his son’s case in the state of Guanajuato.

The accumulation of cases could lead to the application of Article 34 of the Convention, which would allow for the launch of an international investigation into systematic enforced disappearances.

Geographically, the state of Chiapas accounts for 30% of the new urgent actions, many of them linked to collective disappearances of migrants.

Advertisement

20260330_renta_mh_728x90

previous arrow
next arrow

Continue Reading

Trending

Central News