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.
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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.
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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.
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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.
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‘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.
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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.
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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’.”
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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.
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)
The new truce plan in Gaza includes “many demands” from Hamas, according to an Egyptian source
The talks held between delegations from Egypt and Israel in Tel Aviv for a truce in Gaza were “largely positive and successful” and included “many of the demands” of the Islamist movement Hamas, an Egyptian security source familiar with the negotiations and another from Hamas reported to EFE on Sunday.
A delegation from Hamas, headed by the member of the political bureau Khalil al-The Hague, is expected to arrive tomorrow in Cairo, mediator in the conflict between Israel and the Palestinian group, to deliver its response to the mediators, according to the Egyptian source, which asked not to be identified by the sensitivity of this issue.
This new proposal, on whose content it did not provide details, “overcomes the obstacles that hinder” the declaration of a truce, a ceasefire, the exchange of prisoners and hostages, as well as the entry of aid into the Gaza Strip.
The possible announcement of a truce “will contribute to the approval of a first phase and to the efforts of the entire international community to consolidate this ceasefire and seek to move to a permanent truce instead of a temporary one,” according to the informant.
On the other hand, a source of the Palestinian Islamist movement, which also asked for anonymity, confirmed to EFE that tomorrow a delegation from Hamas will arrive in the Egyptian capital to present its response to the new Israeli proposal.
The informant added that the proposal includes “reducing the minimum number of kidnapped that Hamas will commit to freeing and eliminating divisions in sections of the Gaza Strip.”
Last Friday, an Egyptian mediating delegation traveled to Tel Aviv to discuss this truce with Israel, while the Jewish State has warned that it will not allow the Palestinian group to delay and has once again threatened to invade Rafah, at the southern end of the strip and where more than a million refugees are overcrowded.
Hamas warns the United Kingdom that if it sends soldiers to Gaza they will be a “legitimate” military target
The Palestinian Islamist group Hamas warned the United Kingdom on Sunday that if it deploys military personnel in the Gaza Strip, after information that they could help in the distribution of humanitarian aid, they will be “legitimate targets” of its armed wing.
“We alert Britain, or any other country, against the deployment of forces on land or on the coast of the Gaza Strip and affirm that they will be legitimate targets for our people and their resistance,” Hamas said in a statement.
The armed group charged against any initiative in the Palestinian enclave that does not have its approval.
The Islamist group responded to the information released on Saturday by the British network BBC, according to which the British Armed Forces could deploy troops to deliver humanitarian aid on the ground arriving in Gaza through the new floating dock that is being built by Israel and the United States.
The public broadcaster indicated that the United Kingdom could be the intermediary to which the United States referred when it said that it would not be the American soldiers, but others, who would distribute the food packages sent by ship from Cyprus and then transferred to Gaza.
Yesterday, the Israeli Army assured at a press conference with international media that international organizations would be in charge of the distribution of humanitarian aid, but did not indicate which ones would have agreed to collaborate.
Although the British Government has not confirmed the news, the BBC affirms, according to anonymous sources, that the Ministry of Defense is considering getting involved with ‘wet boots’ on the ground.
The possible role of the British forces would involve driving the trucks with the help from the landing boats on the floating runway, hundreds of meters long, and delivering it to a safe distribution area on dry land, the station explained.
The London Ministry of Defense reported on Friday, in turn, that the British Navy auxiliary ship RFA Cardigan Bay set sail from Cyprus to provide support for the construction of the temporary dock, which is led by the United States.
This ship will provide accommodation for hundreds of American sailors and soldiers, about whom Washington has made it clear that they will not set foot in Gaza territory.
Nancy Pelosi says that Netanyahu “could not have made things worse” in Gaza
Former President of the United States House of Representatives Nancy Pelosi said that the Prime Minister of Israel, Benjamin Netanyahu, “could not have made things worse” in the conflict in Gaza, in an interview broadcast this Sunday by the BBC.
Pelosi, who on Thursday participated in an event at the English university of Oxford, told the ‘Laura Kuenssberg Program’ that Netanyahu “was never a peace agent” and admitted that she “is not a great fan of his.”
The congresswoman said that what is happening in the Strip “challenges the conscience of the world” and maintained that the impact of famine on children “is almost unforgivable”, while calling the Hamas attack on Israeli territory on October 7 “barbaric”.
“Israel has the right to defend itself, but the way it is doing it is a challenge because Netanyahu has never been a peace agent,” he said.
“I’m not a great admirer of yours; I couldn’t have done things worse than those tens of thousands, or whatever number it is, of dead people, malnourished children and the uncertainty that exists… and that’s what people are talking about,” he said.
Asked if she understood why young people in the United States used controversial tactics when protesting against the conflict, Pelosi opined that “when they go beyond the campuses and block the Golden Gate Bridge, or something else, for a long time, and people can’t go to the doctor or the hospital or anything urgent in their lives, they don’t get support.”
But he added: “How can demonstrations on (university) campuses be criticized? That’s a way of life in the United States.”
On Thursday, the British police evicted two pro-Palestinian protesters who protested during their speech on populism to students from the University of Oxford, while abroad another group criticized her for her defense of Israel and her position on the movement to support Palestine.
