“Learn from our mistakes” – Trinidad warns Guyana on oil industry

first_imgGuyana has been warned of impending corruption within the oil and gas sector, after being told that it should heed Trinidad and Tobago’s mistakes and shortcomings.This warning came from Trinidad and Tobago Transparency Institute (TTTI) Chairman Dion Abdool on Saturday evening. In his address to the Transparency Institute of Guyana Inc (TIGI) annual fundraising dinner, Abdool called for an independent third party to be responsible for reconciliation and accounting of revenue and transactions.Trinidad and Tobago Transparency Institute (TTTI) Chairman Dion Abdool addressing the audience at Saturday’s dinner“This is of paramount importance, and there must be an independent third party looking at the revenue coming from the corporation that is extracting the oil and from the entity – the Government – that is receiving it,” he stated.Abdool proposed that the independent third party should be the Guyana Extractive Industries Transparency Initiative (GEITI). “Like TTTI, the Guyana Transparency Institute sits at the EITI table, they must insist for transparency and accountability in the reporting of the revenue so that there can be no tax leakage. Learn from our lessons well in Trinidad; it will redound to your benefit,” the TTTI Chairman urged.Abdool’s suggestion came as a result of Trinidad and Tobago’s Energy Minister identifying “tax leakage” as the reason behind a drop in revenue; this drop was initially thought to be caused by a simple decline in production.Additionally, Abdool urged that Guyanese be aware of entities within their own country, noting that “rip-offs” can come from locals, rather than just foreigners. As an example, he cited Trinidad’s recent experience of a fake oil scandal. He explained that an audit of the State oil company found that the country was swindled of millions of dollars within a few months.“In just a few months, they found that the volumes recorded by and reported and based on which the extractor was being paid were wrong to the tune of many, many millions of dollars. Learn from our experiences,” he pleaded.“Disclosure is in everyone’s best interest. The absence of information leads to mistrust. All may be well, but the mere fact that the information is not available leads to mistrust in the public’s mind.”Abdool said this to highlight that it was integral for data to be readily available in order to build and maintain trust between citizens, corporations, and Government.There are also plans to equip Journalists with the requisite training so that they could play a part in the anti-corruption cause.last_img read more

GP RCMP looking for Missing Person

first_imgGrande Prairie RCMP say they are looking for a missing Grande Prairie man, and are asking for the public’s assistance. Torben Timothy Campbell, 27 years of age, of Grande Prairie was last seen on the morning of October 30th at his residence near 103 Avenue and 105 Street.  Later that day (around 4:00 p.m.) via cell phone,  Campbell told his girlfriend that he would be meeting a friend that evening. Campbell did not meet the friend, and has not been seen nor heard from since. Campbell is described as:6′ in height; weighs approximately 200 lbs.; bald; brownish/hazel eyes; heavy set.Campbell was last seen wearing:Jeans, cream colored shirt, ball cap. – Advertisement -Police ask if anyone has  information regarding Campbell since the last known contact on  October 30th, whether it be in-person or via telephone, or knowledge of his current whereabouts, to contact the detachment at (780)830-5700 or Crimestoppers at 1-800-222-TIPS.last_img read more

Boost for Arsenal! Star winger set to face West Ham?

first_img1 Arsenal winger Alex Oxlade-Chamberlain could be back in contention for this weekend’s match with West Ham.Manager Arsene Wenger says the midfielder has a hamstring problem, but depending on the grading of the injury he might be available for the Gunners’ next match on Saturday.The Ox was instrumental in his side’s win over Manchester United on Monday and Wenger will be keen to have him ready for this weekend’s clash at the Emirates.“Chamberlain has a hamstring strain,” Wenger revealed.“The only thing we don’t know is how bad it is because usually the scans are only done 48 hours after the accident.” Alex Oxlade-Chamberlain last_img read more