Guyana proposes to make companies liable for oil spill damages

According to legislation previously approved, the net-zero carbon emission country does not allow routine flaring from vessels producing crude and gas offshore. More than 80 per cent of Guyana's land is covered by forest.

Guyana last year became Latin America's fifth largest oil exporter after Brazil, Mexico, Venezuela and Colombia. The Exxon group, which includes the US' Hess and China's CNOOC, produced an average of 631,000 bpd of oil in the first quarter, three per cent higher than in the same period last year.