The economic implications on the Government of Belize Engaging in Offshore Oil Exploration and drilling

Abstract

In this research paper, we examine the potential implications of the Government of Belize's renewed efforts to explore and drill for oil offshore, nearly sixty years after the first attempt. The study explores the possible economic, environmental, and social impacts that could arise from engaging in offshore oil exploration and drilling. To gather relevant insights, a representative sample of residents from the Belize District was interviewed to capture their personal opinions on the matter. Additionally, the Director of the Geology & Petroleum Department was interviewed to provide a comparative perspective from the government's standpoint on offshore oil exploration and drilling in Belize.