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Independence, Sovereignty and Exxon
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Independence, Sovereignty and Exxon
One day after the nationalisation of the bauxite industry, then President Forbes Burnham observed that Independence gave Guyana a new flag and wardrobe, but “not a new economy.” Fifteen years later, during the debate on the Petroleum Exploration and Production Bill, Leader of the Opposition Cheddi Jagan warned against surrendering sovereignty to big US oil companies. Neither warning appeared foremost in President Ali’s mind when he was flattered…
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