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.

20250501_mh_noexigencia_dui_728x90

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.

20250501_mh_noexigencia_dui_728x90

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?

20250501_mh_noexigencia_dui_728x90

“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.

20250501_mh_noexigencia_dui_728x90

“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.

20250501_mh_noexigencia_dui_728x90

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.

20250501_mh_noexigencia_dui_728x90

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.

20250501_mh_noexigencia_dui_728x90

“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

Winter Storm Fern Leaves 30 Dead and Over One Million Without Power Across the U.S.

The massive winter storm Fern, bringing polar temperatures, battered large portions of the United States for a third consecutive day on Monday, leaving at least 30 people dead, more than one million households without electricity, and thousands of flights grounded.

In the Great Lakes region, residents awoke to extreme cold, with temperatures dropping below -20°C. Forecasts indicate that conditions are expected to worsen in the coming days as an Arctic air mass moves south, particularly across the northern Great Plains and other central regions, where wind chills could plunge to -45°C, temperatures capable of causing frostbite within minutes.

Across the country, heavy snowfall exceeding 30 centimeters in roughly 20 states triggered widespread power outages. According to PowerOutage.com, nearly 800,000 customers remained without electricity on Monday morning, most of them in the southern United States.

In Tennessee, where ice brought down power lines, approximately 250,000 customers were still without power. Outages also affected more than 150,000 customers in Mississippi and over 100,000 in Louisiana, as utility crews struggled to restore service amid dangerous conditions.

International

Spain approves plan to regularize up to 500,000 migrants in Historic Shift

In November 2024, Spanish Prime Minister Pedro Sánchez announced a reform of the country’s immigration regulations aimed at regularizing 300,000 migrants per year over a three-year period, in an effort to counter population aging in a country where births have fallen by 25.6% since 2014, according to official data.

Going against the trend in much of Europe, Spain’s left-wing government has now approved an exceptional migrant regularization plan that could benefit up to 500,000 people, most of them from Latin America.

The measure will allow the regularization of around “half a million people” who have been living in Spain for at least five months, arrived before December 31, 2025, and have no criminal record, Migration Minister Elma Saiz explained on public television.

The plan, approved on Tuesday by the Council of Ministers, establishes that applications will be processed between April and June 30, enabling beneficiaries to work in any sector and anywhere in the country, Saiz said.

“Today is a historic day for our country. We are strengthening a migration model based on human rights, integration, and one that is compatible with economic growth and social cohesion,” the minister later stated at a press conference.

20250501_mh_noexigencia_dui_728x90

The socialist government of Pedro Sánchez stands out within the European Union for its migration policy, contrasting with the tightening of immigration measures across much of the bloc amid pressure from far-right movements.

Central America

Honduras swears in conservative president Asfura after disputed election

Conservative politician Nasry Asfura assumed the presidency of Honduras on Tuesday with an agenda closely aligned with the United States, a shift that could strain the country’s relationship with China as he seeks to confront the economic and security challenges facing the poorest and most violent nation in Central America.

Asfura’s rise to power, backed by U.S. President Donald Trump, marks the end of four years of left-wing rule and secures Trump another regional ally amid the advance of conservative governments in Chile, Bolivia, Peru, and Argentina.

The 67-year-old former mayor and construction businessman was sworn in during an austere ceremony at the National Congress, following a tightly contested election marred by opposition allegations of fraud and Trump’s threat to cut U.S. aid if his preferred candidate did not prevail.

Grateful for Washington’s support, Asfura—who is of Palestinian descent—traveled to the United States to meet with Secretary of State Marco Rubio, before visiting Israeli Prime Minister Benjamin Netanyahu.

“We need to strengthen relations with our most important trading partner,” Asfura said after being declared the winner of the November 30 election by a narrow margin, following a tense vote count that lasted just over three weeks.