An unlimited parent guarantee must be backed by an asset register

Dear Editor,
In a ‘eureka’ moment that must rank up there with the discovery of the new world by Columbus, GHK Lall has declared “ExxonMobil USA is going to come up with some innovative way to stick the cost of that unlimited parent company guarantee right back at Guyana” (SN 21.05.23) while I am happy the light bulb has come on for GHK, my optimism is somewhat tempered as to its brightness by the fact that any schoolchild could tell him that there is no need for ‘Exxon innovation’, the term ‘cost oil’ means the cost to produce oil; costs that are borne directly by Guyana, and insurance falls squarely into that category.

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