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“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

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DONEGAL TD: GARDAI CONFIDENCE IN MINISTER IS ‘SHATTER-ED’

first_imgClueless? ShatterResponding to the vote of no confidence in the Minister for Justice, Alan Shatter by the Garda Representative Association (GRA), Sinn Féin Justice spokesperson Pádraig Mac Lochlainn has said it is now clear the the crisis in the gardaí is “growing by the day”.Deputy Mac Lochlainn said: “It is clear the dramatic cuts to garda numbers, garda vehicles, the closure of 140 garda stations and now the threat of further cuts to their wages has brought morale in the force to its lowest ever levels. The crisis is growing by the day.“The decision by the GRA to pass a vote of no confidence in the Minister must be a final wake up call that to continue with the failed policies of the previous Fianna Fáil government and to implement drastic cuts to the policing budget, is no longer sustainable. “The GRA spoke out against and confronted the previous Fianna Fáil Minister of Justice, Dermot Ahern and it is clear that Minister Alan Shatter learned nothing from that episode.“I am calling on the Minister to join the Garda Commissioner in urgent talks with both the GRA and the Association of Garda Sergeants and Inspectors (AGSI) who represent the overwhelming majority of the 13,400 gardaí across the state, to bring a resolution to this ongoing crisis.”At a meeting of the Central Executive Committee of the Garda Representative Association (GRA) on Thursday 14th February 2013 the following motions were proposed and adopted:“The GRA has no confidence in the Minister for Justice, Equality and Defence Alan Shatter. “The GRA urgently requests the Garda Commissioner outlines to his Force whether he believes any reduction in Garda pay will have a negative effect on policing?“The GRA urgently requests the Garda Commissioner to publicly addresses the negative effect to Garda morale resulting from speculative proposals to cut Garda pay and other proposed changes to working conditions.“The GRA is convinced that the Garda Commissioner is unaware of the impact of pay cuts and lack of resources on his workforce, and we seek an urgent meeting to give him a first-hand account of members’ difficulties in all Garda Divisions.”Within hours the Garda Commissioner promised to meet the GRA. DONEGAL TD: GARDAI CONFIDENCE IN MINISTER IS ‘SHATTER-ED’ was last modified: February 15th, 2013 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more