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Geopolitics

Out of Cash, Iran Puts Dream Of Shia Empire On Pause

Under sanctions and deprived of funds, Iran's clerical regime has placed its dreams of regional supremacy on hold, at least until it can reach a multilateral pact on its nuclear program.

 woman in chador walks past Saman bank ATM in a sidewalk on Valiasr Street in Tehran, Iran.

A woman in chador walks past Saman bank ATM in a sidewalk on Valiasr Street in Tehran, Iran.

Ahmad Ra'fat

-Analysis-

It has been two years since a U.S. drone strike on a convoy in Iraq killed the Iranian Revolutionary guards commander Qasem Soleimani and 10 others, including Abu Mahdi al-Muhandis, one of the heads of the Iran-backed militia, Hashd al-shaabi.

In spite of his efforts and backing from his government, Soleimani's successor as head of the Revolutionary guards' Quds force, Ismail Qaani, has failed to prevent the depletion of the Axis of Resistance.

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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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