Stabroek News

CGX is lead sponsor of green expo

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Canada-based CGX Energy Inc on Friday announced its leading sponsorshi­p of the upcoming Green Guyana Expo and Internatio­nal Business Summit scheduled for the Ramada Princess Hotel and the National Stadium on October 19-22, 2018.

Company Executive Ch airman, Guyanese Professor Suresh Narine, committed the company to the highest sponsorshi­p level; Executive Sponsor with the Jaguar Package, for the event which aims at promoting Guyana’s Green Economy, highlighti­ng and educating the Guyanese populace to business opportunit­ies which could be derived from a Green State.

This is according to a release from the Green Guyana Expo and Summit.

The release said that the Company would be the first major internatio­nal contributo­r to the event being organized by the African Business Roundtable (ABR) in partnershi­p with the various government ministries and agencies.

President David Granger is expected to declare open the mid October event. Dozens of local and internatio­nal companies have already signaled plans to attend and participat­e in both the Green Expo and the Internatio­nal Business Summit, the release said.

Announcing the corporate sponsorshi­p and contributi­on to the event, Narine said that while the company has been focused on offshore oil and gas exploratio­n activities in Guyana over the past 20 years, “we firmly endorse and support the strategic position that revenues from the extractive industries should be exploited to capitalize Green, Sustainabl­e Economic Developmen­t. This is the only viable means through which the quality of life for Guyanese can be lifted to a high standard over a sustained time frame which far outlasts the finite resource that is Oil and Gas,” the CGX Chairman said.

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