Guyana's environmental regulator on Tuesday appealed a court decision that last week declared that the agency and Exxon Mobil unit breached oil-spill insurance obligations for the company's first offshore project in the country.
A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes
unit breached oil-spill insurance obligations for the company's first offshore project in the country.that Exxon "engaged in a disingenuous attempt" to dilute its obligations under its environmental permit for Liza One project by not fully meeting oil-spill insurance requirements. It gave the company until June 10 to furnish Guyanese authorities with a liability agreement from an insurance company.
In his filing, the EPA's Executive Director, Kemraj Parsram, said it is true that a permit issued by his office in May last year requires a parent guarantee from Exxon to cover costs not satisfied by its subsidiary for an oil spill. He added that he did not agree with the court's interpretation that the permit calls for this guarantee to be unlimited.
Exxon last week said it was "disappointing that the court failed to appreciate and acknowledge the financial capabilities of Exxon Mobil Guyana and its co-venturers to meet their obligations," and said the insurance was already in place.reported Transparency Institute of Guyana, an anti-corruption organization had questioned the agency's appeal.
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