Dear Editor,
I am writing in opposition to Guyana’s recent application to The Export–Import Bank of the United States (US EXIM Bank) for a significant loan to fund the Gas-to-Energy project. As you have reported, the government is seeking GY$134 billion (US$646 million) for the project, which raises concerns about the country’s debt record and financial stability. However, my opposition is not only based on financial concerns but also on the potential environmental impact and social responsibility of the project.
The proposed Gas-to-Energy project has been criticized for shifting the responsibility of mitigating flaring in the region from ExxonMobil to the Guyana government. This would reverse the progress made by the United States in reducing greenhouse gas emissions and decarbonizing the economy. As the world is grappling with the impacts of climate change, it is essential that governments take responsibility and prioritize sustainable solutions that align with international commitments to reduce carbon emissions.
Moreover, the financial burden of such a significant loan could weigh heavily on the Guyanese people, especially considering the country’s debt record. While energy is vital for economic growth and development, it should not come at the cost of environmental degradation and unsustainable debt.
I urge the government of Guyana to prioritize sustainable and responsible solutions for its energy needs, considering the environmental impact and long-term financial implications. The country has enormous potential for renewable energy sources such as solar, wind, and hydropower, which could provide cleaner and more sustainable energy solutions for its citizens.
In conclusion, I call on the Guyanese government to reconsider its application for a loan from the US EXIM Bank and prioritize environmentally sustainable and socially responsible solutions for its energy needs.
Sincerely
Concerned Citizen
