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Geopolitics

U.S. and Japan Teaming Up To Hold Down China: A Chinese Viewpoint

Op-Ed: In last week’s “2+2” summit in Washington, U.S. and Japanese government officials made it clear that they see Chinese growth as a threat to regional stability. Their response is a coordinated policy of containment, which lacks a wider vision for th

U.S. Secretary of State Hillary Clinton with Japanese Foreign Minister Matsumoto and Defense Minister Kitazawa
U.S. Secretary of State Hillary Clinton with Japanese Foreign Minister Matsumoto and Defense Minister Kitazawa
Chen Yen

Last week the "2+2" meeting was held in Washington. This is the insiders' name for The Japan-U.S. Security Consultative Committee meeting, which brings together foreign and defense ministers from the two countries.

The Japanese newspaper Nihon Keizai Shimbun, which has always favored keeping pressure on China, both militarily and diplomatically, pointed out two things about this meeting in a June 23 editorial. First, it is now very clear what the two countries' new strategic objectives are. They see China's rise as "the factor destabilizing guarantees on regional security," and urge China to comply with international law and accept its responsibilities. Second, the meeting has further promoted the multi-national security alliance the two countries maintain with Australia, South Korea and India.

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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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