Guyana’s Wealth, Foreign Hands: How Control of the Nation’s Resources Is Shifting Abroad

Guyana is being transformed from one of the Caribbean’s poorest economies into a resource-rich state, but a harder question is emerging beneath the oil boom: how much control do Guyanese actually have over the wealth being extracted from their own soil and waters?

From offshore oil operated by American and Chinese-controlled companies to gold dominated by Chinese ownership and bauxite controlled by foreign companies, some of Guyana’s most valuable natural resources are being developed by corporations whose ultimate ownership lies outside the country.

The issue is not whether Guyana receives revenue. It does.