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
Trump floats Vance-Rubio potential Republican ticket for 2028 election
U.S. President Donald Trump suggested on Monday that Vice President JD Vance and Secretary of State Marco Rubiocould potentially form a Republican presidential ticket for the 2028 elections.
Speaking during a dinner with law enforcement officials as part of National Police Week, Trump publicly praised both officials and said they could make “an ideal team” for the next presidential race.
“Who likes JD Vance? Who likes Marco Rubio?” Trump asked attendees before adding that the pair “sound like a good combination.”
The president highlighted his vice president’s performance in office, stating that their current partnership has been highly effective. “JD is perfect, that has been a perfect formula,” Trump told reporters later.
He further suggested that a Vance-Rubio pairing could represent a strong presidential and vice-presidential ticket, although he stopped short of offering any formal endorsement.
“I think it sounds like a presidential candidate and a vice-presidential candidate,” he said, while clarifying that his remarks should not be interpreted as an official backing of any future campaign.
So far, neither Vance nor Rubio has publicly confirmed any intention to run in the 2028 presidential election.
Rubio previously sought the Republican nomination in 2016 but withdrew after losing the primary race to Trump. Later, in a December 2025 interview with Vanity Fair, he said he would be among the first to support Vance if he decided to run for the White House.
Vance, meanwhile, has recently dismissed speculation of any political rivalry with Rubio amid growing discussion about potential future GOP leadership.
International
Russia Accuses Ukraine of Violating Victory Day Truce
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Despite the declared ceasefire, the Russian Ministry of Defense said in a statement that Ukrainian forces attacked Russian military positions using attack drones and artillery.
According to the ministry, Ukrainian forces made twelve attempts to advance toward Russian-held positions across several sectors of the front line.
It also alleged that Ukrainian strikes targeted civilian infrastructure in Crimea, several border regions, the Caucasus, and other areas including Moscow and Perm in the Ural region.
The Defense Ministry estimated around 8,900 violations of the ceasefire in total, including more than 7,000 drone attacks and over 1,000 strikes involving tanks, artillery, multiple rocket launch systems, and mortars since the truce came into effect at midnight.
Russia said its forces responded “symmetrically” to what it described as violations by Ukrainian troops.
Earlier, the Kremlin denied claims that Ukraine attempted to sabotage a military parade in Red Square marking the 81st anniversary of the Soviet victory over Nazi Germany in World War II.
“No attempts were made. Everything went well,” Kremlin spokesperson Dmitry Peskov told local media.
International
Trump Says U.S.-Iran Talks Progressing, Signals Possible Deal on Strait of Hormuz
U.S. President Donald Trump said Wednesday that Washington is holding “very good” talks with Iran and stated that there is a strong possibility of reaching an agreement to end the conflict and reopen the Strait of Hormuz.
“We’ve had very good conversations over the last 44 hours, and it’s very possible that we’ll reach an agreement,” Trump said during an event held in the Oval Office at the White House.
The president’s remarks came just hours after he announced a temporary suspension of the military operation aimed at escorting vessels stranded in the Persian Gulf due to Iran’s blockade of the strategic Strait of Hormuz.
Trump explained that the pause in operations is intended to facilitate diplomatic negotiations between both sides and prevent further military escalation in the region.
“We’re in good shape, and right now things are going well. Now we have to achieve what we need to achieve. If we don’t, we’ll have to go much further,” the Republican president warned.
In a post published on his social media platform Truth Social, Trump reiterated that if Iran accepts Washington’s proposed conditions, military operations and the naval blockade affecting the Islamic republic would come to an end.
However, he also issued a new warning to the Iranian government, stating that the United States would respond with attacks “of greater intensity” if Tehran rejects the agreement promoted by the White House.
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