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Architectural rendering of "The New Waterfront" in Sestroretsk
Architectural rendering of "The New Waterfront" in Sestroretsk
Vladimir Tikhomirov

SESTRORETSK — There was a time when this northwest Russian city was considered the engine of the workers’ revolution. It had been the largest weapons factory in Imperial Russia, and just after the launch of the 1917 Bolshevik Revolution, workers frequently set off from here to expropriate property from the Czar’s followers in nearby St. Petersburg.

Nearly 100 years later, the city is promising to be the engine of another revolution. Japanese urban innovation specialists and architects from the prestigious Nikken Sekkei office and a Russian development company are planning to transform an area of Sestroretsk into Russia’s first bonafide Smart City.

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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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