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Egypt

Why Egypt Is No Longer Too Big To Fail

Over the past three years, most Egyptians have failed to see beyond the most immediate aspects of its crisis. Meanwhile, in the outside world, the most basic formulas have changed.

Egyptian soldiers in the street of Cairo
Egyptian soldiers in the street of Cairo
Mohamed Gabr

CAIRO – Over the past three years, most commentators on Egypt’s affairs, and even participants in its public life, have been preoccupied with the present moment, rarely pausing to scrutinize the whole picture.

This preoccupation with immediate concerns has led to a failure to grasp the intricacy of the broader Egyptian “crisis.” The complexity of the crisis must be understood before we can prescribe solutions.

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Economy

The Bogus Concept Of "Carbon-Neutral" Oil

The Colombian president recently said that the country had exported one million barrels of carbon-neutral or offset oil. But in an unregulated carbon market, such a claim is pure greenwashing.

People walk in the streets of Bogotá

María Mónica Monsalve Sánchez

-OpEd-

BOGOTÁ - In March this year, various national and corporate leaders met in Houston, Texas, for CERAWeek, an annual conference to discuss the world's energy challenges. Colombia's President Iván Duque took the opportunity to remind participants that his country produced just 0.6% of the world's carbon emissions even as it had raised crude production to one million barrels a day.

He said oil should not be seen as an enemy, since the fight was really against greenhouse gas emissions. He also revealed at the event that the country's national oil firm, Ecopetrol, had sold the Asian market its first million barrels of carbon-neutral or offset crude, consisting of the entire extraction, production and exportation chain.

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