4.4 • 350 Ratings
🗓️ 26 June 2024
⏱️ 23 minutes
🧾️ Download transcript
Exxon Mobil struck black gold in 2015 when it discovered a massive oil reserve off the coast of Guyana in South America. It’s poised to make Guyana the fourth-largest offshore oil developer in the world, and it's already jump-started a transformation within the developing economy. But will this oil bonanza benefit Guyana’s people? The FT’s US energy editor Jamie Smyth travels to Guyana’s capital to understand Exxon’s impact first-hand.
Clip from NBC News
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For further reading:
The giant Exxon project that could create the world’s last petrostate
Oil-rich Guyana tries to tap another source of cash: carbon credits
Exxon’s exit marks reversal of fortune for Equatorial Guinea
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On X, follow Jamie Smyth (@JamieSmythF) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
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0:32.1 | Last month, my colleague Jamie Smith found himself driving around a city called Georgetown. |
0:38.0 | It's the capital of Guyana. |
0:40.0 | It's a beautiful city. It's on the coast of the Atlantic, but it's also beside this huge river, the Demerara River. |
0:48.0 | It's known for its treeline streets and colonial architecture. |
0:54.3 | It's hot and sunny outside as Jamie makes his way through town, but as he's driving around, |
1:00.5 | he notices what seems like pretty immense changes. |
1:04.0 | So the whole city looks to be under construction at the minute. |
1:08.0 | There's streets being dug up everywhere. |
1:10.0 | There's buildings popping up all around, so there's at least five luxury |
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