Behind the Money

Will Exxon make or break Guyana?

Exxon Mobil struck black gold in 2015 when it discovered a massive oil reserve off the coast of Guyana in South America. It’s poised to make Guyana the fourth-largest offshore oil developer in the world, and it's already jump-started a transformation within the developing economy. But will this oil bonanza benefit Guyana’s people? The FT’s US energy editor Jamie Smyth travels to Guyana’s capital to understand Exxon’s impact first-hand.  Clip from NBC News- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:<a href="https://www.ft.com/content/2e4b2015-27e6-4b26-a02f-0040a71c6852" rel="noopener noreferrer" target="_blank">The giant Exxon project that could create the world’s last petrostate</a><a href="https://www.ft.com/content/e5b9d789-cb09-4dcf-a586-fe60d8defd15" rel="noopener noreferrer" target="_blank">Oil-rich Guyana tries to tap another source of cash: carbon credits</a><a href="https://www.ft.com/content/9d3cedec-136c-4b71-83a9-e7105776e9c3" rel="noopener noreferrer" target="_blank">Exxon’s exit marks reversal of fortune for Equatorial Guinea</a>- - - - - - - - - - - - - - - - - - - - - - - - - - On X, follow Jamie Smyth (<a href="https://www.ft.com/jamie-smyth" rel="noopener noreferrer" target="_blank">@JamieSmythF</a>) and Michela Tindera (<a href="https://twitter.com/mtindera07" rel="noopener noreferrer" target="_blank">@mtindera07</a>), or follow Michela on LinkedIn for updates about the show and more. <a href="https://www.ft.com/content/a96ae9c3-1013-4dbb-b2df-8ae7e9ab03c3" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

From hostile takeovers to C-suite intrigue, Behind the Money takes you inside the business and financial stories of the moment with reporting from Financial Times journalists around the world. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.