Oil companies Exxon Mobil, Hess Corporation and Nexen, a subsidiary of Chinese national oil, are being challenged in court by campaigners who claim that their plans to drill off the coast of Guyana are illegal as the government failed to require the companies to obtain the necessary environmental permits. The lawsuit is being financed through crowdfunding site CrowdJustice. Offshore drilling licences in the region are highly sought-after, with analysts estimating that 350,000 to 400,000 barrels of oil could be produced each day by 2026. People also have to understand that an oil spill or a well blow-out could harm our Caribbean neighbours and Guyana could be liable for that damage.” In an interview on Wednesday, Mr Obama said he was “very concerned” about the potential impact of climate change on US energy security.
Oil companies Exxon Mobil, Hess Corporation and Nexen, a subsidiary of Chinese national oil, are being challenged in court by campaigners who claim that their plans to drill off the coast of Guyana are illegal as the government failed to require the companies to obtain the necessary environmental permits. The lawsuit is being financed through crowdfunding site CrowdJustice. Offshore drilling licences in the region are highly sought-after, with analysts estimating that 350,000 to 400,000 barrels of oil could be produced each day by 2026. In an interview on Wednesday, Mr Obama said he was “very concerned” about the potential impact of climate change on US energy security.