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Suriname President Vows Oil Bonanza Won't Hit Carbon-Negative Status
- Suriname's democracy will hold an election on Sunday where voters will choose 51 lawmakers to decide the next president amid an emerging oil boom.
- This election occurs against the backdrop of a recent discovery of an Atlantic coast oil field projected to yield 220,000 barrels per day by around 2028, while the nation grapples with significant issues such as substantial debt, rising inflation, and economic hardship impacting close to 20% of its population.
- Incumbent President Chan Santokhi, of the centrist Progressive Reform Party, faces strong opposition and promises to distribute oil income as cash handouts called "Royalties for Everyone" while maintaining Suriname's carbon-negative status through green investments.
- Santokhi emphasized in Paramaribo that fossil fuels will last 40 years and pledged the energy revenues will fund renewable energy transitions to protect Suriname’s extensive Amazon forest coverage.
- The election outcome will influence how Suriname manages billions in expected oil revenue and addresses economic pressures while preserving its rare environmental status.
65 Articles
65 Articles
Daily Journal
Suriname president vows oil bonanza won't hit carbon-negative status
Ahead of oil-rich Suriname's election, the country's president tells AFP that a looming energy windfall will not spell a shift away from climate-friendly policies.
The recent discovery of oil fields could change one of the least known and most ethnically peculiar countries of the region
‘Why Should the Netherlands Look for Gas in Other Countries? We Have Oil and Gas, Let's Do Business’
Suriname's parliamentary elections are on Sunday. When he took office in 2020, current President Chan Santokhi inherited the 'bankrupt estate' of his...
"Petroleum production can go hand in hand with the status of a country with a negative carbon balance", according to the President of Suriname Admin FCE 23 May 2025 - 07:15 The President of Suriname, where huge reserves of hydrocarbons will begin to be exploited in 2028, says that "oil production can go hand in hand with the status of a country with a negative carbon balance".In an exclusive interview Thursday evening with the AFP in Paramaribo,…
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