Leave the oil in the ground? No responsible government should volunteer for its people to stay poor, says Guyana’s President
President of Guyana, Dr. Irfaan Ali.
Asking new, developing producers like Guyana to leave its oil resources in the ground or to produce some of it at a slow pace is not the answer to achieving a decarbonized world. The key lies in putting a tax or price on carbon and eliminating fossil fuel subsidies says President of the new oil producing South American country, Dr. Irfaan Ali.
Mr. Ali added, “No responsible government should volunteer that its people stay poor so that richer countries can have their market protected. Putting faith in solutions that expect this to happen is irresponsible and ultimately damages the prospects of climate success.”
Perhaps, they want countries to leave their resources untouched and beg for pittances from the rich nations with developed oil resources.