IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-031-68846-1_20.html
   My bibliography  Save this book chapter

Climate Hero or Fossil Fool – Contradictions in Guyana’s Petroleum Development

In: Energia Progresiva

Author

Listed:
  • Melinda Janki

Abstract

Guyana is one of the world’s few carbon sinks. It also has oil and gas. ExxonMobil Corporation has declared finds of over 11 billion barrels of oil offshore Guyana and associated gas. While the Government of Guyana boasts of wealth for Guyana, petroleum production takes place under an exploitative deal that gives Guyana a small share of oil while burdening Guyana with all of the costs. Greenhouse gas pollution from fossil fuels, leading to global overheating and ocean acidification, increases the risk of stranded assets as consumers look for alternatives. A high oil price makes renewables comparatively cheap. In-country resistance to ExxonMobil’s operations is growing, as is the risk to ExxonMobil’s investors. This chapter examines the contradictions inherent in the government’s attempt to transform Guyana from a climate hero to a ‘fossil fool’ in the name of ‘development’. These are the lessons the world can learn from Guyana.

Suggested Citation

  • Melinda Janki, 2024. "Climate Hero or Fossil Fool – Contradictions in Guyana’s Petroleum Development," Springer Books, in: Japhet M. Kariuki (ed.), Energia Progresiva, chapter 0, pages 497-529, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-68846-1_20
    DOI: 10.1007/978-3-031-68846-1_20
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-031-68846-1_20. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.