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Trouble over Klaipeda, Lithuania
Trouble over Klaipeda, Lithuania
Michael Stürmer

KLAIPEDA — The entrance to this Lithuanian city's port is a lesson in geopolitics. Klaipeda is the major transit hub for Russia on the Baltic Sea, but there’s no overlooking the huge semi-domes of the new terminals for LNG (liquefied natural gas) which Lithuania hopes will free the country from its energy-dependence on Moscow.

There is plenty of fear going around Eastern Europe right now. Whenever you get talking in any of the Baltic states you sense — also among young people — what’s known in psycho-jargon as Post-Traumatic Stress Disorder: disturbing memories of experiences and suffering, one’s own and others’.

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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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