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Brazilian President Luiz Inacio Lula da Silva has been advocating for a common regional policy to end deforestation by 2030, promising his country will reach zero deforestation. However, the failure to agree on a common policy to end deforestation in the Amazon is concerning, as the fate of the rainforest is critical to the health of the planet. It is home to a unique array of animal and plant life, and is crucial to maintaining a global climate balance because it stores a huge amount of carbon and strongly influences global weather patterns. According to CNN affiliate CNN Brasil, Guyana, Suriname and Bolivia left the meeting refusing to agree on a goal. On Monday, Colombia backed an indigenous-led global pact to protect 80% of the Amazon by 2025.

Persons: Luiz Inacio Lula da Silva, Lula da Silva’s, Jair Bolsonaro, haven’t, ” Lula da Silva, Evaristo Sa, Susana Muhamad Organizations: CNN, Amazon Cooperation Treaty Organization, Brazilian Amazon, Peoples of, Getty, Amazon Alliance, CNN Brasil, Brazil’s National Institute for Space Research, Colombian Locations: Brazil, Brazilian, Belém, Para State, AFP, Colombia, Peru, Bolivia, Ecuador, Venezuela, Guyana, Suriname, Amazonia

BELEM, Brazil, Aug 8 (Reuters) - Eight Amazon nations agreed to a list of unified environmental policies and measures to bolster regional cooperation at a major rainforest summit in Brazil on Tuesday, but failed to agree on a common goal for ending deforestation. The failure of the eight Amazon countries to agree on a pact to protect their own forests points to the larger, global difficulties of forging an agreement to combat climate change. Bolivia and Venezuela are the only Amazon countries not to sign onto a 2021 agreement among more than 100 countries to work toward halting deforestation by 2030. But tensions emerged in the lead up to the summit around diverging positions on deforestation and oil development. Fellow Amazon countries also rebuffed Colombia's leftist President Gustavo Petro's ongoing campaign to end new oil development in the Amazon.

Persons: Luiz Inacio Lula da Silva, Marcio Astrini, Lula, Luis Arce, Mauro Vieira, Ricardo Stuckert, Gustavo Petro's, Petro, Alexandre Silveira, Silveira, Jake Spring, Steven Grattan, Brad Haynes, Rosalba O'Brien, Jason Neely, Peter Graff, Aurora Ellis, Richard Chang Organizations: Climate, Reuters, Bolivian, Brazil's, Amazon Cooperation Treaty Organization, REUTERS, Amazon, Brazil's Energy, United Nations, Thomson Locations: BELEM, Brazil, Brazilian, Belem, Bolivia, Colombia, Peru, Ecuador, Guyana, Suriname, Venezuela

[1/2] A general view shows the water conditions of the Piraiba river before a summit of Amazon rainforest nations, in Belem, Para state, Brazil August 5, 2023. Leaders are expected to announce the final agreement, known as the Belem Declaration, late on Tuesday afternoon. Presidents from Bolivia, Brazil, Colombia, Guyana, Peru and Venezuela will attend, while Ecuador and Suriname will send other representatives. ACTO Executive Director Carlos Lazary said the final agreement may include Brazil's plans for a regional center in Manaus where Amazon countries can coordinate police operations. Norway and Germany, which have funded Amazon preservation, and France, which controls the Amazon territory of French Guiana, will also participate.

Persons: Ueslei Marcelino, Luiz Inacio Lula da Silva, Jair Bolsonaro, Carlos Lazary, Jake Spring, Brad Haynes, Rosalba O'Brien Organizations: REUTERS, Ueslei, Amazon Cooperation Treaty Organization, CNN Brasil, European Union, Thomson Locations: Belem , Para, Brazil, Ueslei Marcelino BELEM, Brazilian, Belem, Belem Declaration, Bolivia, Colombia, Guyana, Peru, Venezuela, Ecuador, Suriname, policymaking, Manaus, Congo, DRC, Indonesia, Norway, Germany, France, French Guiana

☆ Dominican Republic signs preliminary pact to explore building refinery in Guyana
▼ + stars: | 2023-08-08 | by ( Kiana Wilburg | ) www.reuters.com time to read: +2 min

Guyana President Irfaan Ali meets with U.S. Secretary of State Antony Blinken at the State Department in Washington, U.S., July 25, 2022. Any project would be at least 51% owned by the Dominican Republic government, according to the terms of the preliminary agreement, which was seen by Reuters. The pact was signed by Guyana President Irfaan Ali and Dominican Republic President Luis Abinader during Ali's trip to Santo Domingo. "(The) Dominican Republic is also interested in exploring for oil, food production and petrochemicals," in Guyana, Ali added without providing details. The potential alliance with the Dominican Republic is for a second refinery project in Guyana.

Persons: Irfaan Ali, Antony Blinken, Sarah Silbiger, Luis Abinader, Ali, Kiana Wilburg, Matthew Lewis, Grant McCool Organizations: U.S, State Department, REUTERS, Companies Exxon Mobil Corp, GEORGETOWN, Dominican Republic, Reuters, Guyana, Guyanese, Authorities, Exxon Mobil, Thomson Locations: Guyana, Washington , U.S, Dominican Republic, Dominican, Santo Domingo, Guyanese, Georgetown

[1/3] A general view shows the water conditions of the Piraiba river before a summit of Amazon rainforest nations, in Belem, Para state, Brazil August 6, 2023. REUTERS/Ueslei MarcelinoSAO PAULO, Aug 7 (Reuters) - Eight Amazon rainforest nations are expected to face divisions over proposals to block new oil drilling and end deforestation when they meet on Tuesday for their first summit in 14 years. But at a pre-summit meeting last month, Colombian President Gustavo Petro pushed his Brazilian counterpart Luiz Inacio Lula da Silva to block all new oil development in the Amazon. Brazil is weighing whether to develop a potentially huge offshore oil find near the mouth of the Amazon River. "Are we going to let hydrocarbons be explored in the Amazon rainforest?

Persons: Ueslei Marcelino, Gustavo Petro, Luiz Inacio Lula da Silva, Petro, Lula, Jake Spring, Oliver Griffin, Lucinda Elliott, Brad Haynes, Cynthia Osterman Organizations: REUTERS, Ueslei, Ueslei Marcelino SAO PAULO, Amazon Cooperation Treaty Organization, Brazilian, Miami Herald, Global Forest Watch, Thomson Locations: Belem , Para, Brazil, Bolivia, Colombia, Ecuador, Guyana, Peru, Suriname, Venezuela, Belem, Amazon, Lula's, Leticia, Bolivian, Bogota, Montevideo

☆ Protesters oppose Petrobras oil exploration plan at mouth of Amazon river
▼ + stars: | 2023-08-06 | by ( ) www.reuters.com time to read: +2 min

The logo of Brazil's state-run Petrobras oil company is seen on a tank in at Petrobras Paulinia refinery in Paulinia, Brazil July 1, 2017. REUTERS/Paulo Whitaker/File PhotoBELEM, Brazil, Aug 6 (Reuters) - Environmental demonstrators protested on Sunday against plans by Brazilian state-run oil company Petrobras (PETR4.SA) to drill for oil at the mouth of the Amazon river. Petrobras has appealed against a decision by Brazil's environmental protection agency, Ibama, to deny it permission to drill an exploratory well at the mouth of the Amazon, saying the request lacked an environmental assessment of the project. It reaches a technical opinion that must be obeyed," said the minister, who has opposed the plan to drill at the mouth of the Amazon. Lula said Guyana's president would like Petrobras to explore for oil off-shore from his country.

Persons: Paulo Whitaker, Luis Barbosa, Marina Silva, Ibama, Silva, Luiz Inacio Lula da Silva, Lula, Leonardo Benassatto, Leslie Adler Organizations: Petrobras Paulinia, REUTERS, Environmental, Petrobras, PETR4, Amazon, Thomson Locations: Paulinia, Brazil, BELEM, Amazon, Suriname, Guyana, Amapá

☆ Brazil's Lula: Amazon countries summit to build common policy for first time
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Johanna Geron/File PhotoBRASILIA, Aug 2 (Reuters) - Brazil President Luiz Inacio Lula da Silva on Wednesday said that next week's summit of Amazon region nations will seek to draw up a common policy for the first time to protect the rainforest. For the first time we are going to have a common policy for the Amazon, for preservation, security, borders," Lula said. The eight countries of the Amazon Cooperation Treaty Organization (ACTO) will meet Aug. 7-8 in the city of Belem at the mouth of the Amazon river. ACTO was created in 1978 to promote the preservation of the Amazon basin and regulate Amazonian development through cooperation. Reporting by Lisandra Paraguassu; Editing by Mark Porter and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: Luiz Inacio Lula da Silva, Johanna Geron, Lula, ACTO, Lisandra Paraguassu, Mark Porter, Aurora Ellis Organizations: EU, LAC, European Union, of, Caribbean, REUTERS, Amazon Cooperation Treaty Organization, Thomson Locations: Caribbean States, Brussels, Belgium, BRASILIA, Brazil, Amazon, Belem, Bolivia, Colombia, Ecuador, Guyana, Peru, Suriname, Venezuela

☆ Exxon profits slump 56%, joins global peers in energy price hit
▼ + stars: | 2023-07-28 | by ( Sabrina Valle | ) www.reuters.com time to read: +4 min

Profits for global oil majors have dropped by about half from a bumper 2022, when Russia's invasion of Ukraine sent oil and gas prices soaring. Excluding last year's record second quarter, however, Exxon posted its strongest result for the April-to-June quarter in more than a decade, the largest U.S. oil company said, helped by cost cuts and the sale of less profitable assets. "You would have to go back to the second quarter of 2011 to find the last time we produced this level of earnings in the second quarter" excluding last year, she said. "Exxon results came in slightly weaker than expected across earnings and cash flow," RBC analyst Biraj Borkhataria wrote in a note. It distributed about $8 billion in cash to shareholders in the second quarter, including about $3.7 billion in dividends.

Persons: Kathryn Mikells, Biraj Borkhataria, Darren Woods, Woods, Mikells, Sabrina Valle, Sonali Paul, Jason Neely, Marguerita Choy Organizations: Exxon, Reuters, RBC, Chevron, Brent, Reuters Graphics Reuters, Thomson Locations: Ukraine, U.S, Guyana

☆ Deadly School Fire Casts Light on Sexual Exploitation in Guyana Mining Town
▼ + stars: | 2023-07-23 | by ( Kejal Vyas | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: guyana

☆ This 31-year-old opened a New York City deli with his family—it's on pace to bring in $1.2 million in its first year
▼ + stars: | 2023-07-22 | by ( Nicolas Vega | ) www.cnbc.com time to read: 1 min

If you've seen one New York City deli, you could be forgiven for thinking you've seen them all. But at Datz Deli in Queens, customers line up for hours to get a taste of owner Joshua Dat's elevation of classic deli offerings. The 31-year-old opened Datz Deli in December 2022 with the idea to spice up quintessential New York staples like a Jamaican beef patty with flavors from his dad's native Guyana. "I wanted to be different," Dat says on the latest installment of CNBC Make It's "On The Job" series. "I wanted to give people something new to try."

Persons: you've, Joshua Dat's Organizations: CNBC Locations: York City, Queens, New York, Guyana

☆ U.S. probing Exxon contractor in Guyana for smuggling drugs, gold
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +6 min

Now, U.S. officials are considering imposing sanctions on the Mohameds, according to four of the sources and two additional people familiar with the matter. The construction of the shore base is part of Exxon’s efforts to expand oil production off Guyana’s coast. The companies plan to expand output to 1.2 million bpd by 2027, a massive haul that would make Guyana’s production higher than what many OPEC nations, including neighboring Venezuela, produce today. Guyana is Exxon’s top bet for global oil production growth outside of the United States. Neither Hess nor CNOOC responded to requests for comment on the investigations into the Mohameds or the government’s meetings with Exxon.

Persons: Nazar Mohamed, Washington, Mohamed, Irfaan Ali, ”, ” Nazar Mohamed, Azruddin Mohamed, “, Alistair Routledge, Hess, CNOOC Organizations: Guyana U.S, Exxon Mobil, Reuters, Exxon, Mohamed’s Enterprise, Drug Enforcement Administration, Federal Bureau of Investigation, Department of Homeland Security, Russian, FBI, DEA, Homeland Security, U.S, Routledge, The U.S, China National Offshore Oil Corporation Locations: GEORGETOWN, Guyana, U.S, The Texas, Venezuela, United States, Europe, Georgetown, China

☆ OPEC chief says the search is on for new members of the oil producers' group
▼ + stars: | 2023-07-06 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Haitham al-Ghais, secretary-general of the Organization of Petroleum Exporting Countries (OPEC), speaking at the Energy Asia Summit on June 26, 2023. The secretary-general of the Organization of Petroleum Exporting Country signaled that the influential producers' alliance is actively open to recruiting new members. Asked if he is trying to expand the OPEC coalition, the organization's Secretary-General Haitham al-Ghais told reporters on Wednesday: "I am, yes." OPEC members coordinate the amount of oil they output in an effort to influence prices. He mentioned recent visits paid to oil-producing countries, however, including allies that currently implement a joint production strategy with OPEC countries, in a group known as OPEC+.

Persons: Haitham, Ghais Organizations: Organization of Petroleum Exporting, Energy Asia Summit, OPEC, Ecuadorian Locations: East, North, West Africa, South America, Ecuador, Ecuadorian, OPEC, Malaysia, Brunei, Azerbaijan, Mexico

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Persons: Dow Jones Organizations: woos Locations: guyana

☆ Peak oil is another reason to shun OPEC club
▼ + stars: | 2023-06-26 | by ( Robert Cyran | ) www.reuters.com time to read: +4 min

The group known as OPEC+, which includes the organization’s 13 oil-producing members as well as allied nations like Russia, produces over 40% of the world’s oil. Guyana’s recoverable reserves of around 11 billion barrels in that field alone make it an obvious candidate to join OPEC. Non-OPEC oil nations, such as the United States, Brazil and Canada, are growing production. Even OPEC+ members aren’t united in their desire to prioritize price over production. OPEC+, which comprises the cartel’s 13 oil-producing states and ten other allied nations such as Russia, represents over 40% of the world’s oil production.

Persons: Groucho Marx, It’s, aren’t, Abdulaziz bin Salman, Haitham, Bharrat Jagdeo, Hess, Peter Thal Larsen, Oliver Taslic Organizations: YORK, Reuters, Organization of, Petroleum, Wall Street, Exxon Mobil, International Energy Agency, OPEC, United Arab Emirates, Cooperation, Saudi Energy, Wall Street Journal, Exxon, Thomson Locations: Guyana, OPEC, Russia, United States, Brazil, Canada, Nigeria, Saudi Arabia

☆ Guyana not interested in joining OPEC, VP says
▼ + stars: | 2023-06-26 | by ( Kiana Wilburg | ) www.reuters.com time to read: +2 min

[1/2] Guyana's Vice President Bharrat Jagdeo poses for a photo during an interview with Reuters in Georgetown, Guyana, February 16, 2022. REUTERS/Sabrina ValleGEORGETOWN, June 26 (Reuters) - Nascent oil producer Guyana is not interested in joining the Organization of the Petroleum Exporting Countries (OPEC), Guyanese Vice-President Bharrat Jagdeo said on Monday, as the South American country looks to rapidly boost production and attract new operators. The Wall Street Journal reported on Monday that Saudi Arabia's energy minister, Abdulaziz bin Salman, and Haitham al-Ghais, OPEC's secretary-general, have invited Guyana to join the cartel. Guyana is planning an oil auction within a couple of months in hopes it can bring in other oil and gas companies. "We are committed to responsibly developing the resources offshore Guyana to maximize value for all stakeholders, including the government and people of Guyana," said Exxon spokesperson Meghan Macdonald in response to questions about the country and OPEC.

Persons: Bharrat Jagdeo, Sabrina Valle GEORGETOWN, Jagdeo, Abdulaziz bin Salman, Haitham, Meghan Macdonald, Kiana Wilburg, Sabrina Valle, Julia Symmes Cobb, Sandra Maler Organizations: Reuters, REUTERS, Organization of, Petroleum, OPEC, The, Natural Resources, Street, Exxon Mobil Corp, Exxon, Thomson Locations: Georgetown, Guyana, American, Vienna, Saudi

☆ Exclusive: Exxon, Guyana in talks to return unexplored offshore oil areas
▼ + stars: | 2023-06-21 | by ( Sabrina Valle | ) www.reuters.com time to read: +3 min

HOUSTON, June 21 (Reuters) - Exxon Mobil Corp (XOM.N) and Guyana are in talks over which unexplored offshore areas will be returned to the government, people close to the discussions said, as the nascent oil nation seeks to attract new operators to the country. The Exxon-led consortium that controls offshore production in Guyana this year was required to return 20% of unexplored acres, under the original 2016 production contract. Reuters Graphics Reuters GraphicsCONTRACT FORCE MAJEUREThe relinquishment deadline for the 20% unexplored portion of the Stabroek block is due in October, one of the people said. Guyana plans to hold its first competitive oil blocks auction in August, which it expects to attract new operators to the country. It will offer 14 offshore blocks outside the Exxon group's domains.

Persons: Hess, Sabrina Valle, Lincoln Organizations: Exxon Mobil Corp, Exxon, HK, Reuters Graphics Reuters, Guyana's Energy Ministry, Thomson Locations: Guyana, U.S

☆ The Legacy of Colonialism Is Seen in Puerto Rico’s Domestic Violence Problem - The New York Times
▼ + stars: | 2023-06-12 | by ( Anjanette Delgado | ) www.nytimes.com time to read: +3 min

Colonization puts in place the systems and structures often at the root of heightened violence against women. “There seems to be a need for men to assert control and exact pain from these subjects,” she told me. That link is amply documented well beyond the case of Puerto Rico by scholars like Emilia Quiñones-Otal. The year I left, nearly 12,600 women reported being victims of domestic violence, and the vast majority were attacked in their homes. Between 1995 and 1996, 13 percent of women in Puerto Rico reported that they had been physically assaulted by an intimate partner or family member.

Persons: Frances Negrón Muntaner, ”, Emilia, Monroe, “, I’d Organizations: Columbia University, United Nations Women, CNN Locations: Caribbean, Puerto Rico, United States, Guyana, Carolina, San Juan, Atlanta, Puerto Rican

☆ Five nations elected to U.N. Security Council, but Belarus denied
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +2 min

UNITED NATIONS, June 6 (Reuters) - The United Nations General Assembly elected Algeria, Guyana, Sierra Leone, Slovenia and South Korea to the U.N. Security Council on Tuesday for two-year terms starting on Jan. 1, 2024, while Belarus - allied with Russia in its invasion of Ukraine - was denied a spot. Algeria, Guyana, Sierra Leone and South Korea ran unopposed for a spot on the 15-member body, which is charged with maintaining international peace and security. The Security Council is the only U.N. body that can make legally binding decisions such as imposing sanctions and authorizing use of force. Guyana received 191 votes, Sierra Leone 188, Algeria received 184 votes, South Korea 180. "The Russians have always argued that a lot of states support Ukraine in public at the U.N., but sympathize with Russia in private.

Persons: Richard Gowan, Michelle Nichols, Will Dunham Organizations: UNITED NATIONS, United Nations General Assembly, . Security, South Korea, Belarus, United, United Arab Emirates, The Security, General, Sierra, Slovenia, Soviet Union, Thomson Locations: Algeria, Guyana, Sierra Leone, Slovenia, South Korea, Belarus, Russia, Ukraine, South, Albania, Brazil, Gabon, Ghana, United Arab, Britain, China, France, United States, General Assembly, Soviet

☆ Petrobras eyes global expansion as Brazil hopes fade, sources say
▼ + stars: | 2023-06-01 | by ( Marta Nogueira | ) www.reuters.com time to read: +4 min

[1/3] A worker walks inside the Brazil's Petrobras P-66 oil rig in the offshore Santos basin in Rio de Janeiro, Brazil September 5, 2018. Petrobras' main bet on replenishing its reserves had been the Equatorial Margin, some 2,200 km of deepwater and ultra-deepwater assets along Brazil's northern and northeastern coast. According to one of the sources, the Equatorial Margin has been the company's "Plan A, B, and C" for restocking reserves. In March, Reuters reported that Petrobras was among at least 10 companies including Shell and Chevron to consider bidding on a Guyana oil auction, now scheduled for July. Such projects could also add scope for foreign expansion, said Mauricio Tolmasquim, Petrobras' chief energy transition and sustainability officer.

Persons: Pilar Olivares, Luiz Inacio Lula da Silva, Ibama, Jean Paul Prates, Prates, Lula, Mauricio Tolmasquim, Marta Nogueira, Gabriel Stargardter, David Gregorio Our Organizations: Petrobras, REUTERS, RIO DE, Brazil's Petrobras, Reuters, Petroleo, government's Energy Research, Ocean, Exxon Mobil, Estado, S, Shell, Chevron, Brazil, Thomson Locations: Santos, Rio de Janeiro, Brazil, RIO, RIO DE JANEIRO, Foz de Amazonas, Guyana, Suriname, Colombia, Argentina, Bolivia

☆ Exxon, Chevron shareholders soundly reject climate-related petitions
▼ + stars: | 2023-05-31 | by ( Sabrina Valle | ) www.reuters.com time to read: +3 min

HOUSTON, May 31 (Reuters) - Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) shareholders on Wednesday overwhelmingly rejected calls for stronger measures to mitigate climate change, dismissing more than a dozen climate-related proposals at their annual meetings. His group, which represents some 9,500 shareholders in oil and gas companies, had requested Exxon set medium-term targets for meeting customer emissions reduction goals that seeks to keep global temperature increase below 1.5° Celsius. That resolution received less than half of the support 11% of vote cast compared with 27% from the group's emission reduction proposal last year. Exxon holders rejected all 12 shareholder proposals, the majority of which dealt with climate-related issues. Chevron investors also rejected proposals on customers' emissions reduction target, creating a board committee on decarbonization risk, and a report on worker and community impact from facility closures and energy transitions.

Persons: Mark van Baal, Darren Woods, Woods, Sabrina Valle, Arathy, Mrinalika Roy, Sourasis Bose, Jon Boyle, Marguerita Choy Organizations: HOUSTON, Exxon Mobil Corp, Chevron Corp, Shell PLC, BP PLC, Exxon, Chevron, Thomson Locations: Ukraine, Guyana, Houston, Bengaluru

☆ Teenage Girl in Guyana Is Charged With 19 Counts of Murder in School Dorm Fire
▼ + stars: | 2023-05-29 | by ( The Associated Press | ) www.nytimes.com time to read: +1 min

A 15-year-old student accused of deliberately setting a fire in a girl’s school dormitory in Guyana that killed 18 of her schoolmates and a 5-year-old boy was charged on Monday as an adult with 19 counts of murder. The defendant appeared virtually at a hearing in a court south of the capital, Georgetown, and she was ordered held in custody pending further court proceedings. Investigators accused the girl, who was not identified, of igniting the blaze at Mahdia Secondary School in anger with the administrator over the confiscation of her cellphone. The government boarding school serves remote Indigenous villages in the country’s southwest. If found guilty, the student could face life in prison.

CNN —At least 20 people have been killed and several others injured in a “horrific” school dormitory fire in the South American country of Guyana, officials said on Monday. “It is with great sadness that we bring to you a heart-wrenching update on the fire at the dormitory at the Mahdia Secondary school” in central Guyana, a Department of Public Information statement said. The Guyanese government earlier mobilized a “full-scale medical evacuation-supported response” after the fire broke out. The Mahdia Secondary School Dormitory, where the fire happened, is at the center of the Guyanese government’s push to improve the education level in the less developed part of the country. In previous government statements, they describe the construction of the school dormitory as an effort to “bridge the gaps between the hinterland and coastal areas.”This is a developing story.

☆ Fire in Guyana School Dormitory Kills at Least 20
▼ + stars: | 2023-05-22 | by ( Cora Engelbrecht | ) www.nytimes.com time to read: +1 min

A time of celebration in Guyana as it prepared to mark its independence day this week turned to mourning on Monday after at least 20 people, many of them children, were killed when a fire engulfed a girls’ dormitory at a school in the central part of the South American country. The country’s president described the fatal blaze as “horrific” and a “major disaster.”The ages of the victims are not known, but students enrolled at the school are between 12 and 16. Several others were injured in the fire, which broke out late Sunday in Mahdia, a gold mining town about 120 miles southwest of the capital, Georgetown. Seven students in critical condition were being evacuated to the capital. “The focus now is on the children to ensure that we do everything, to give them as much help as we can,” President Mohamed Irfaan Ali told journalists early Monday at Ogle airport, also known as Eugene F. Correia International Airport, where he was organizing a “full-scale emergency” plan.

☆ Exxon says Guyana insurance dispute could cut revenue $350 million per month
▼ + stars: | 2023-05-19 | by ( Kiana Wilburg | ) www.reuters.com time to read: +2 min

GEORGETOWN, May 19 (Reuters) - Exxon Mobil Corp (XOM.N) on Friday said an ongoing dispute with the government of Guyana over oil-spill insurance could halt production at its first offshore platform, cutting revenue by about $350 million per month. A Guyanese court this month found Exxon in breach of insurance obligations for Liza One, its first offshore oil project, and called for additional insurance adequate to protect against a catastrophic oil spill. Exxon and partners in an offshore consortium that has produced all the country's oil to date have $600 million in insurance and up to $19 billion in assets in the country, Exxon officials said at media briefing. Exxon said that if the sides are unable to agree, it could halt output from Lisa One platform and cost about $350 million in lost revenue. Guyana would incur a hit of $80 million to $88 million to earnings from its share of production, according to the country's National Resource Fund's latest quarterly report.

☆ Shell company stock hijacker Mark Miller sentenced to year in prison
▼ + stars: | 2023-05-18 | by ( Dan Mangan | ) www.cnbc.com time to read: +5 min

Lengeling told Doty it "felt like we got punched in the gut, quite frankly" when he recently learned prosecutors were asking that Miller spend a year in prison for the penny stock scheme. In addition to his prison term, which Miller is expected to start serving in August, Doty sentenced Miller to two years of supervised release after he completes his time locked up. Miller and Jaberian, as well as an unidentified person related to Miller, became the nominal CEOs and presidents of the targeted companies, prosecutors say. Miller voluntarily dropped a suit related to efforts to take over New World Gold soon after CNBC reported his involvement with that company. Doty sentenced him on May 10 to two years of probation.

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