February 9, 2023
On December 31st, 2021, the country of Guyana implemented stringent local content legislation to take effect on their booming petroleum sector. Local content legislation is a way to ensure that the people of Guyana don’t get left behind as the country’s resources are developed. The legislation creates a framework that causes the benefits from foreign and national investment to reach the people of the country in instances where companies could potentially bring in suppliers and employees from elsewhere in the world.
At NetBenefit, we’re a proponent of local benefits, community building, capacity building, and equality. Over the past several months, the team has spent a lot of time in Guyana. Tracking local content is what we do, and we’re committed to partnering with local Guyanese companies and developing deep relationships in Guyana as we grow our presence there.
Matt Adams is the CEO of NetBenefit Software. Based on the east coast of Canada, Matt has spent his career (and more of his social life than he’s willing to admit) in the Environmental, Health, and Safety (EHS) and Environmental, Social, and Governance (ESG) software space.
Discover the potential of offshore wind development in Atlantic Canada. Learn from global experiences, understand the role of government incentives, and explore how the region can leverage existing offshore expertise for sustainable growth. Uncover key lessons for creating a cost-competitive market.
Explore Atlantic Canada's untapped resources and energy potential. Learn how historical context, early stakeholder engagement, and local regulatory insights can drive success in this region. Discover the keys to securing a social license and regulatory approval for your projects.
The operators of Voisey's Bay - Vale, implemented the NetBenefit platform early in the construction phase into ongoing operations. The agreements and the operator's commitment has become models for other mining endeavours, both within Canada and on a global scale.