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Peru

How Peru's Ollanta Humala Can Turn His Presidency Around

Op Ed: Elected on a platform that mixed solidarity for the poor and support for Peru's all-important mining sector, leftist President Ollanta Humala has been criticized for failing on both fronts. How can the former military officer get back on t

Humala must work to regain his popular appeal with the masses
Humala must work to regain his popular appeal with the masses

SANTIAGO - When Ollanta Humala, a left-winger and ex-military official, took office last year as the president of Peru, he had one clear priority: make sure that the mining industry remains strong.

It seemed simple enough. In Peru, mining accounts for 60% of exports and 20% of government revenue. Peru is the world's second leading copper producer after Chile, international copper prices were high thanks to demand from China. Gold was up too – way up, reaching historic records in recent years.

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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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