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ARABICA - A Daily Shot Of What the Arab World is Saying/Hearing/Sharing
Kristen Gillespie


A R A B I C A
ارابيكا

SPEECH & SENTIMENT
*Syrian President Bashar al-Assad gave a closely-watched speech to supporters at Damascus University, carried live on state television, blaming the past three months of violence on an external conspiracy and "saboteurs." Assad promised to form a committee to oversee reforms, and pledged that reforms will be enacted at an unspecified date later in the year. He also blamed the chaos and violence in Syria.

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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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