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Economy

Why The NAFTA Reboot Is A Raw Deal For Mexico

Proposed changes to the trilateral trade accord could scare off investors, hurt Mexican automakers, and sour relations with Canada, analyst Luis Rubio argues.

At a car assembly line in Puebla, Mexico
At a car assembly line in Puebla, Mexico
Luis Rubio

-Analysis-

MEXICO CITY — As lawyers sometimes say: "Better a bad settlement than a good fight!" I imagine that's what Mexican negotiators were thinking while haggling with their U.S. counterparts over a trade deal — the revised North American Free-Trade Agreement (NAFTA) — that negates the reasons Mexico signed on to the accord in the first place. The best we can hope for now is that U.S. lawmakers reject the deal so that the status quo will prevail.

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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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