The recently formed political party, Change Guyana, (CG) Tuesday urged voters not to elect the two main political organisations here on
CG leader,
'Change Guyana plans to ensure a fair share of our oil and gas resources for the people of
But he told reporters that should CG form the next government here, it would seek to re-negotiate agreements with the various companies, blaming the present administration for failing to do so.
'While we believe our leaders could have negotiated a better deal for the people of
' We will negotiate a better deal over time on all existing contracts,' Badal said, noting that 'all blocks for which investors commitments have not been delivered to date would be returned to state ownership.
'There is no speculation anymore on oil blocks. These blocks and all unassigned blocks would be vested in a state-owned national oil company ,' Badal said, adding that contracts covering these blocks would be royalty based with investors subjected to local taxes.
In outlining his party's oil and gas policy ahead of the
Badal said his party intends to assign to every citizen of
'Sales of these shares may only be disposed to one's family or the national oil company,' he said, adding 'there would be no speculation in these shares.
'This will give every Guyanese a stake in our oil resources and the benefits therefrom,' he said, noting that the revenue from the sector would be managed totally different from the plans as outlined by the two major political groups here.
He said adequate controls would be put in place to prevent misuse of the funds and that the CG government between the period 2020-22, the revenues 'would be used to uplift the income levels of all employed through reduction in income taxes, improvement in health care, education and urgently needed infrastructural works.
'Our approach is that there are so much urgent things to do right now that we can't just out (the revenues) as APNU and the PPP are saying, put it in a
'We have to address those immediate needs of Guyanese currently (and) from 2023 we will activate the
He said the balance would be appropriated t specific funds including a poverty alleviation fund, an infrastructural development fund, a health care fund, education fund and an agricultural and industrial fund.
Earlier, CG founding member and chartered accountant,
He told reporters there have also been vague statements by past and present government officials; including attempts to deny concerns being expressed by international experts about the extraordinary and globally unprecedented poor terms and conditions of the Production Sharing Agreements entered into by the
'Years ago, sister
'The information provided directly from government officials to date, and the controversial manner in which some information has been made public, has seeded mistrust, a real sense of neglect and disappointment among the citizenry,' Hinds said.
© Pakistan Press International, source