Letter-to-the-Editor: Economic growth and environmental sustainability can coexist in Guyana 

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OilNOW
OilNOW
OilNOW is an online-based Information and Resource Centre

Dear Editor,

I am proud that Guyana has once again reached a remarkable milestone with the discovery of new fish species.

This development comes at a time when the country’s oil sector is booming, and it serves as a testament to the fact that economic growth and environmental sustainability can coexist. It also reinforces the notion that companies like ExxonMobil and other major players operating in Guyana have been adhering to established environmental standards—a proven track record that continues to yield positive outcomes for both our economy and biodiversity.

In addition, the expansion of the oil and gas sector and ongoing improvements in national infrastructure have contributed meaningfully to the country’s development. According to a recent OilNOW report, Guyana posted a trade surplus of US$3.01 billion in the first quarter of 2025, driven primarily by crude oil exports. This achievement highlights the transformative impact of ExxonMobil’s investment in our economy, positioning Guyana as a rising leader among South American nations.

Over the past twelve years, our country has achieved several significant breakthroughs—not only in oil and gold exploration but also in the identification of new plant and animal species. Combined with our vast carbon reserves, these natural assets continue to strengthen Guyana’s reputation as a premier eco-tourism destination.

However, despite these advancements, many communities remain affected by abandoned buildings and lingering environmental challenges that hinder progress at the local level.

Over the past five years, the PPP/C Government has accomplished a great deal, with tangible improvements in infrastructure, social services, and economic diversification. Its development agenda has not only transformed key sectors but also earned international recognition for Guyana.

However, while these achievements are commendable, national growth is not the responsibility of the government alone. It is a shared endeavor. Citizens, civil society, and the private sector all have vital roles to play in shaping a prosperous and inclusive future.

 We must acknowledge the wonderful growth as citizens, and we must embrace positive discoveries and play our part in supporting sustainable progress. Tourism,  community engagement professional training programs and cultural environmental stewardship go hand in hand—one cannot flourish without the other. 

Sincerely 

Blane  R Bunbury 

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