Damages
S3 Ep8 | The Turning Point
May 2, 2023
Explore the fast-paced development of offshore oil in Guyana and the challenges faced by countries without a history of oil and gas development. Discover the incentives and challenges for journalists critical of the oil industry. Discuss the impact of air pollution on health and a product called Air Doctor. Hear about a petroleum engineer's career journey and transition into the US Department of Energy. Learn about the challenges of managing oil contracts and the concerns regarding the switch to renewables.
38:09
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Quick takeaways
- Developing offshore oil resources now can help transform Guyana's economy and reduce poverty.
- Exxon and other oil companies are exerting influence in Guyana by co-opting influential experts and journalists.
Deep dives
The fast-paced development of offshore oil resources in Guyana is seen as a wise strategy to prove and sell resources while transforming the country financially.
Guyana's Vice President, Barack Chugdao, believes that rapidly developing offshore oil resources, especially in the context of net zero, is a wise strategy. By exploring and proving the resources now, the country can sell them quickly and use the revenue to transform the country's economy.
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