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Geopolitics

Do We Want To Live Together? Europe Averts Disaster, But May Be Doomed To Fade

The continent’s leaders managed to save both the monetary and political union. For now. But the lack of a long-range vision for the future leaves the European Union vulnerable to slow erosion.

Nicolas Barre

PARIS - Recapitalization of the banks, debt forgiveness for a large part of the Greek debt, strengthening of the European banks and its ability to intervene in favor of financial stability. One by one, the three tools that are supposed to stop the unravelling of the euro zone are being put into place, and that is good.

But let's not fool ourselves. If Angela Merkel is right to tell the Bundestag that the "current generation" of European leaders "shouldn't fail history," then an accord regarding the tools in question will not resolve the basic question nagging the European Union: Do we still want to live together?

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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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