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On Point | Podcast

Guyana’s oil boom: The world’s newest petrostate plans to combat climate change with oil revenues

On Point | Podcast

WBUR

Talk Show, Daily News, News, Npr, On Point, Daily

4.23.5K Ratings

🗓️ 10 October 2023

⏱️ 50 minutes

🧾️ Download transcript

Summary

An oil boom has arrived in the South American nation of Guyana. Is it a contradiction that a country threatened by climate change could get rich selling fossil fuels? Amy Westervelt and Melinda Janki join Meghna Chakrabarti.

Transcript

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0:00.0

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0:06.1

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0:11.2

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0:22.2

To start watching, head to hayu.com

0:25.0

How about Magpie, the vegan pie truck that needed a bit of help from GoDaddy?

0:31.3

One day the owners are like, this business hasn't reached this potential,

0:35.0

and the other one goes, we need a bigger piece of the pie, and then it hits her.

0:39.0

We need GoDaddy. Look, we can get a domain name and create an online store,

0:42.7

so we can sell to more customers. Now they've gone from serving a couple of

0:46.4

eyes to a vlogging nationwide, and now everyone's like, vegan pies are the new thing around here.

0:52.9

Wait, no me! Till the next step on your business journey with GoDaddy.

0:58.2

It is well established that those bearing the brunt of the climate phenomena have made no

1:04.5

contribution to the current crisis. Small island developing and low-lying coastal states like

1:10.9

Aana are among the hardest hit and require adequate financing to address the attendant effects.

1:18.6

The commitments by the developed world, by the developed countries,

1:24.8

including the pledge of U.S. 100 billion per year remain unfulfilled.

1:33.7

Ghana is using revenue from oil and gas resources to finance its transition to renewable energy.

1:41.0

This is on point. I'm Megna Chakrabardi, and that was Guyana's president Mohamed Irfan Ali,

1:48.1

addressing the UN General Assembly last month. Back in 2015, Exxon Mobile discovered a massive

1:55.3

oil reserve just offshore the South American nation. That oil is poised to utterly transform

2:02.2

Guyani's life and its economy, a country which is both highly vulnerable to even small perturbations

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