![]() ![]() The conditions are similar to those that preceded the Deepwater Horizon explosion in 2010, which spewed oil and gas throughout the Gulf of Mexico, costing BP $69 billion.Įxxon’s own environmental impact assessments indicate that such a disaster in Guyana could send oil to the beaches of 14 different Caribbean islands, most of which depend on fishing and tourism - and all of which could hold Guyana liable for damages. ![]() ![]() That’s because Exxon’s drilling project in Guyana is the riskiest kind: deep-water offshore drilling, which involves intense pressure bearing down on complex equipment. “The potential consequences for Guyana are catastrophic.” “Guyana taxpayers are currently exposed,” Tom Sanzillo, director of financial analysis for the Institute for Energy Economics and Financial Analysis, said. They accused the EPA of failing to enforce the requirements of its own permits by never securing a guarantee from Exxon or its subsidiary, Esso Exploration and Production Guyana Limited, that the company would cover all costs related to a possible oil spill. The case was brought on behalf of two Guyanese citizens, Frederick Collins and Godfrey Whyte. If it sounds strange that the EPA and Exxon were co-defendants in a case, yes, that’s precisely the point. Guyana’s high court handed down a historic ruling in May against both the country’s Environmental Protection Agency and Exxon Mobil’s subsidiary in the region. ![]()
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