To read the full version of this content please select one of the options below:

Environmental lawsuit will test Guyana's oil sector

Monday, June 7, 2021

Significance

If successful, the lawsuit could force the government to cancel or suspend its oil production-sharing agreements (PSAs) with major international oil companies such as ExxonMobil. Given the growing economic importance of the oil sector, the outcome of the lawsuit will have major economic implications for Guyana.

Impacts

  • Some potential investors may be wary of committing to Guyana while the lawsuit remains unresolved.
  • Other activists may be emboldened to launch further challenges on environmental grounds.
  • Neighbouring Suriname may experience a spillover effect, with increased pressure to upgrade its environmental legislation.

Related articles

Expert Briefings logo
Stay up to date
Sign up to the Expert Daily Briefings email alert and receive up-to-the-minute analysis of global events as they happen.
*If your university does not have access to Expert Briefings, visit our information page to find out more.