The Environmental Protection Agency (EPA) amended the Liza Phase One Permit today to have ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) pay US$30 on every tonne of Carbon Dioxide equivalent (CO2e) that it flares going forward.
This move comes after Exxon would have flared over 14 billion cubic feet of gas as of today from the Liza Phase One Project. The American oil giant would have suffered from at least four malfunctions to its gas compressor for the Liza Destiny. This led to excessive flaring to which it was heavily criticized for locally and internationally.
In a press release from the EPA that was posted on the Facebook page of Vice President, Dr. Bharrat Jagdeo, the regulatory body said it engaged EEPGL regarding technical and legal issues of modifying the permit to address flaring.
Following agreements from both ends, the EPA said the Modified Environmental Permit now includes revised terms and conditions relating to emissions reporting requirements, technical considerations for flaring, timelines for flaring events, and an obligation on the company to pay for the emission of Carbon Dioxide equivalent (CO2e) as a result of flaring in excess of timelines stated in EEPGL’s Environmental Impact Assessment (EIA).
