December 9, 2022
I was wondering how the fossil fuel producing CARICOM countries would react when the region were to have negotiations on climate change and carbon credits and things of that nature when their entire country depends on these fossil fuels- Trinidad and now Guyana.
Trinidad has been in the oil game for decades now, and they have built up a stronger than usual country off of oil and gas revenues. Guyana on the other hand, is new to the game and trying to build a nation off of their new found blessing.
You see, Guyana was on the verge of being Haiti at one point. Dirt poor and on the brink of social and economic collapse as it was a near basket case in the region. But then they hit oil and things are changing. You can’t speak ill of the Guyanese traveller any longer.
But what will happen now when they are to be asked to cut back on their oil revenues for the sake of the region? A tough question to ask of people that need the revenue that the oil deposits can bring.
I’m sure there is a mechanism for this, but it sure is something to witness them sell $$750m in carbon credits to help with the region’s overall environmental push. Blessings to them.