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Guyana’s Oil Industry Goes Green | Guyana News
Guyana’s oil and gas sector is going green with ironclad environmental rules—every approval comes with strict safeguards, and even the crude they sell must meet carbon limits to stay globally competitive. Fines hit hard: $50 per tonne of excess CO2 from flaring, with ExxonMobil already paying nearly $1 billion in penalties this year. Backed by laws like the Petroleum Activities Act and Oil Pollution Prevention Act, the government’s pushing new regulations before year’s end—and is uniquely prepared with its own offshore capping stack and buffer zones along pipelines to protect ecosystems and…
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