Shuman’s party lauds Carbon Credit deal with Hess

LJP Leader Lenox Shuman

See below for a statement from the Lenox Shuman-led Liberty & Justice Party on Guyana’s historic Carbon Credits deal with Hess Corp:

The Liberty and Justice Party commends the Government of Guyana on their recent sale of carbon credits. It is the actualization of visionary leadership and thinking by the Government of Guyana in recognizing the importance of sound environmental stewardship and its importance to sustainable and responsible economic development.

Having had an opportunity to contribute to the Low Carbon Development Strategy (LCDS), the LJP sees the LCDS as one of the most progressive steps forward to supporting indigenous peoples in terms of land tenure security, economic development, and governance. Within the context of the Low Carbon Development Strategy (LCDS), the recent sale of carbon credits and the earmarking of over GYD $23 billion in support for indigenous communities demonstrates that the government is resolute in fulfilling
their commitment to the Indigenous Peoples of Guyana.

The initial sale of USD $750 million of carbon credits is expected to be followed by a second tranche of another significant quantum. These financing will support Guyana’s upward trajectory while maintaining our world leading responsibly forest management. Very rare it is to see in the global environment an oil producing nation enjoying a carbon negative economy.

We now call on the indigenous leadership to carefully craft plans to support the government in assimilating this support to the people’s benefit and developing transformative frameworks that will foster their communities’ development.