Bank of Nova Scotia's efforts
to pull out of nine Caribbean and South American countries hit
another block this week as a proposed deal to sell its
operations in Guyana was turned down by the central bank, The
Globe and Mail reported.
U.S. and European diplomats on Thursday declared Guyana's government in breach of the country's constitution until new elections are held and called on Guyanese President David Granger to "set an elections date immediately" or possibly face a cutoff of development funding.
Tullow Oil plans to
drill three or more oil exploration wells in Guyana next year,
Chief Executive Officer Paul McDade said on Monday after the
firm's second offshore oil discovery in the South American
Leaders from Brazil, Bolivia, Colombia, Ecuador, Guyana and Peru and Suriname have begun discussion of possible regional measures to protect the Amazon at a Friday summit, amid recent fires which burned thousands of square miles of the world's largest tropical forest.
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