Stabroek News
The June 8 disclosure by RUSAL’s Chief Executive Officer, Evgenii Nikitin regarding the company’s plan to invest heavily in the upgrading of its bauxite-mining operations in the Caribbean, including its operations in Guyana, is likely to attract a muted welcome here.
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On the one hand the disclosure would appear to provide some measure of assurance that RUSAL’s operations here will, for the foreseeable future, persist, as will the jobs that those operations afford Guyanese. Some critics of RUSAL’s management style would have preferred to see the back of the Russians.
COMMENTARY: Oil, the environment and climate change – By David Jessop
By David Jessop –
On May 26, a small hedge fund, Engine No 1, which held a 0.02% shareholding in Exxon worth about US$50mn, led a powerful dissident shareholder group to propose the election to the main board of the oil giant, four alternative nominees. Two with proven track records in creating significant earnings for energy companies and strong environmental credentials, were elected immediately, and a third was confirmed to its board a short while later. Continue reading →
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