Guyana approves environmental permit for fifth offshore oil project

Kitco Media
By Reuters
Published:
Updated:
Reuters
GEORGETOWN, April 27 (Reuters) - Guyana's environmental agency on Thursday approved a 5-year permit for the fifth project to be developed by a consortium led by U.S. Exxon Mobil , the government said.


The authorization requires the group to bear all remediation costs of any oil spills. It also strictly prohibits routine flaring or venting of fossil fuels. "Flaring is only permissible during commissioning, start-up and special circumstances," it says.
(Reporting by Kiana Wilburg, writing by Marianna Parraga)

Messaging: @mariannaparraga))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.