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Guyana President Irfaan Ali at the State Department in Washington in 2022.
Venezuela ratchets up tensions with Guyana over Exxon Mobil megaproject
In response, Guyanese President Irfaan Ali triggered a military response, deploying the country’s naval and air forces to defend the oil megaproject poised to remake the economy of one of South America’s poorest nations.
The incursion came just days after US President Donald Trump canceled Chevron’s licenses to exempt some Venezuelan oil exports from sanctions. The maritime escalation followed an attack last month in which a suspected Venezuelan gang opened fire on Guyanese soldiers, injuring six on patrol along the Cuyuní River.
The background: A year ago, Venezuelan President Nicolás Maduro signed a law designating Essequibo, a sparsely populated region that comprises roughly two-thirds of Guyana’s territory, as a new state of Venezuela. While Caracas revived its claim to the region in the 1960s, a series of treaties over the last two centuries have repeatedly given Guyana and its colonial forebears control over Essequibo.
Essequibo is rich in deposits of gold and copper, and its seafloor off the coast contains vast oil reserves that Exxon started developing in recent years.
A united front: What Ali’s government lacks in military weapons it seems to be making up for in powerful friends. Washington and London both affirmed support for Georgetown, as did the Organization of American States and the Commonwealth. Guyana’s private sector and the opposition party issued statements backing the government. We'll be watching for signs of how far Venezuela is likely to go to assert its claims over Essequibo.Tens of thousands of Icelandic women, including Prime Minister Katrin Jakobsdottir (pictured), are expected to strike from paid and unpaid jobs on Tuesday in a protest against gender inequality.
Hard Numbers: Iceland’s women stop cold, Zimbabwe faces fresh epidemic, China-Philippines high seas crash, oil majors keep betting on oil, moon gets older overnight
48: For the first time in 48 years, the women of Iceland are going on strike. The one-day work stoppage on Tuesday — which the country’s PM, Katrín Jakobsdóttir, will take part in — will spotlight unequal pay between men and women, as well as gender-based violence. Although Iceland tops the list for global gender pay equality among countries, women still earn 21% less than men in some jobs.
5,000: Zimbabwe is struggling with its worst outbreak of cholera in years, with more than 5,000 infections of the deadly waterborne illness recorded since February. A shortage of functional water wells and water purification programs has contributed to the outbreak.
2: The Filipino government has summoned the Chinese ambassador in Manila after Chinese ships collided with two Filipino boats on Sunday in disputed waters. The Philippines is one of half a dozen nations that — with backing from international courts — reject China’s sweeping claims to their territorial waters. The US on Monday reiterated its treaty-bound commitment to defend the Philippines.
53 billion: US Energy giant Chevron on Monday agreed to buy smaller rival Hess for a whopping $53 billion. The move, which comes just weeks after Chevron's rival ExxonMobil snapped up Pioneer Natural Resources, a West Texas shale oil producer, for more than $60 billion, sends a signal: Climate change or not, the two US companies believe that strong demand for oil and gas isn’t going anywhere.
40 million: Who among us wants to learn that we are actually older than we assumed? Well, spare a thought for the moon which, it turns out, is 40 million years older than previously believed. The finding, which puts the age of the moon at 4.46 billion years, is based on a new analysis of rocks collected from the lunar surface in the 1970s.
CORRECTION: An earlier version of this article misidentified Pioneer Natural Resources as a Canadian company. In fact, it is a shale oil producer that focuses on the Permian basin in West Texas. We regret the error.