Major progress in the energy sector

bulletin

Letters to the editor



Minister of Energy and Energy Industry Stuart Young - Angelo Marcelle
Minister of Energy and Energy Industry Stuart Young – Angelo Marcelle

THE EDITOR: I believe that Pointe-a-Pierre David Lee’s recent rebuke to the energy sector and Minister Stuart Young is misjudged and lacks a thorough understanding of the complexities involved in overseeing such a vital industry.

While it is imperative to hold public officials accountable for their actions, it is equally important to recognize the remarkable progress that has been made in recent years.

The energy sector plays a crucial role in promoting economic prosperity and securing energy stability for our country. Young has continually toiled to attract foreign investment, advocate for renewable energy efforts and improve infrastructure to increase the sector’s efficiency and sustainability.

Lee’s claims that Young has failed to address issues of corruption and mismanagement are baseless. The Ministry of Energy and Energy Industry has implemented strict governance measures and transparent protocols to ensure accountability and prevent unethical behavior within the sector.

In addition, Young has actively engaged stakeholders, including industry experts, environmental groups and local communities, in crafting inclusive policies that harmonize economic progress with environmental conservation.

There are many calls for sustainable energy practices and regional cooperation. We have steadfastly taken a forward-looking approach to the gas sector, recognizing its potential as a transition fuel and a springboard to a carbon-neutral future. In addition, we continue to grow our hydrocarbon reserves and explore opportunities for energy cooperation with our regional allies.

These initiatives have not only reduced dependence on fossil fuels, but also paved the way for new economic prospects.

Despite the rise of renewable energy sources, fossil fuels remained the driving force behind economic expansion in 2023, especially in developing regions. Consequently, fossil fuels maintained an 82 percent share of total primary energy consumption worldwide.

Furthermore, Lee claims that Young lacks transparency in his dealings with international companies active in the energy domain. Still, it is essential to note that Young has been outspoken about his actions and has worked diligently to ensure that any agreements are fair and beneficial to the nation.

The English-speaking Caribbean, with the exception of TT, Suriname and more recently Guyana, has struggled with the relentless plight of energy security. Endowed with abundant renewable and non-renewable energy resources, the Caribbean is well positioned to meet the needs of its population.

Oil and gas have reigned as the major primary energy reservoirs, and with recent momentous discoveries in Guyana and Suriname, this dominance is expected to continue for the foreseeable future. This realization necessitates faster use of these resources for the benefit of our people. Energy cooperation must transcend mere diplomatic intentions. An example of such cooperation is Petro Caribe, the regional oil purchase pact between Venezuela and the Caribbean member states.

Essentially, it is palpable that Lee’s charges against Young are misleading and fail to recognize the constructive influence he is exerting on TT’s energy sector. By refuting these baseless accusations and highlighting these diligent efforts, it becomes clear that Young is ably committed to catalyzing growth and innovation in this vital industry.

While there are challenges facing the energy sector, it is essential to applaud Young’s efforts to solve these problems. Through his unwavering efforts and strategic initiatives, he has laid a solid foundation for sustainable success in this field.

ANCILLA KIRBY SCOTT

via email