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Gustavo Petro assures that capitalism will not solve climate crisis

Gustavo Petro assures that capitalism will not solve climate crisis
Photo: Infobae

June 22 |

The president of Colombia, Gustavo Petro, proposed Thursday in Paris, France, a reform of multilateral banking to activate a global Marshall Plan to provide resources to countries to address the global climate crisis.

Applauded by the attendees, the idea put forward by the president is to design, through the International Monetary Fund (IMF), a large global issuance of special drawing rights to be destined to the climate fund, in order to free up budgetary spaces in the nations dedicated to mitigate or adapt to environmental problems.

In his speech at the Summit for a New Global Financial Pact, Petro asserted that “the market’s own mechanisms will not solve the climate crisis”, as it is “a problem that it has created itself”.

Before government leaders, international institutions and representatives of civil society, the Colombian president argued that “investment to combat the climate crisis involves hundreds of billions” and “capital is guided by profitability”.

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The Colombian leader addressed the president of the European Commission, Ursula von der Leyen, to assure, in addition, that the measures proposed by Brussels are too dependent on private enterprise; among them, the pricing of pollution.

Gustavo Petro also acknowledged that “there is no time to wage war on capital”, but to admit that “it has its limits” when it comes to solving current problems. For the president, States must “recover their power” “not to decree the end of markets, but to recognize their limitations in the fight against climate change”.

The Colombian president also insisted on the need for a dialogue between North and South because, in his opinion, “the end of the planet concerns everyone”.

International

Trump criticizes Panama Canal fees and demands U.S. control over strategic waterway

U.S. President-elect Donald Trump criticized what he described as unfair fees imposed on American ships passing through the Panama Canal and threatened to demand that Washington take back control of the strategic waterway.

“Our Navy and commerce have been threatened in a very unjust and reckless way. The rates that Panama charges are ridiculous,” Trump wrote on his Truth Social platform.

The president-elect also denounced the growing influence of China in the canal, a situation he called concerning as U.S. businesses depend on the waterway to transport goods between the Atlantic and Pacific Oceans.

“This complete scam against our country will end immediately,” he stated.

The Panama Canal, completed by the United States in 1914, was handed over to Panama under the 1977 treaty signed by Democratic President Jimmy Carter. Panama took full control of the commercial passage in 1999.

“It was exclusively for Panama to manage, not China or anyone else,” Trump said. “We would never allow it to fall into the wrong hands!”

“If Panama cannot guarantee a ‘safe, efficient, and reliable’ operation of the canal, we will demand that the Panama Canal be returned to us in its entirety, without a doubt,” the Republican added.

Panamanian authorities did not immediately respond to Trump’s statements. While he will assume office on January 20, Trump has been exerting his political influence in the final days of President Joe Biden’s administration.

Five percent of global maritime trade passes through the Panama Canal, which allows vessels traveling from Asia to the U.S. East Coast to avoid the long and dangerous route around the southern tip of South America.

The countries that use the Panama Canal the most are the United States, China, Japan, and South Korea.

In October, the Panama Canal Authority reported earnings of nearly $5 billion in the last fiscal year.

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International

Putin vows retaliation following drone attack on luxury building in Kazan

Russian President Vladimir Putin promised more “destruction” in Ukraine on Sunday, in response to a drone strike that hit a residential building in the city of Kazan, located in central Russia, on Saturday.

Russia accused Ukraine of launching a “massive” drone attack, which struck a luxury apartment block in Kazan, about 1,000 kilometers from the border.

Videos shared on Russian social media show drones hitting a high-rise glass building. No casualties have been reported as a result of the attack.

In his statements, Putin addressed the local leader of Tatarstan, the region where Kazan is located, during a virtual ceremony marking the opening of a road.

The attack in Kazan is the latest in a series of increasingly frequent bombings in this nearly three-year-old conflict. Ukraine has not commented on the attack.

Putin had previously threatened to strike the center of Kyiv with a hypersonic ballistic missile in response to Ukrainian attacks on Russian territory.

The Russian Ministry of Defense stated that the recent Russian strikes on Ukrainian energy facilities were retaliation for Ukraine’s use of Western-supplied missiles to target Russian territory.

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International

Small plane crashes in Gramado, Brazil, killing nine people

At least nine people were killed on Sunday after a small aircraft crashed in a commercial area of the tourist city of Gramado, in the southern Brazilian state of Rio Grande do Sul, authorities confirmed.

“There are nine confirmed deaths according to Civil Defense services, and there are no survivors from the plane,” said Cléber dos Santos Lima, director of the Interior Police Department of the Civil Police of the state, in a statement to AFP.

Authorities have not yet confirmed the exact number of passengers and crew aboard the aircraft, a turbo-prop Piper Cheyenne 400. However, Civil Defense had previously stated that “preliminarily, the plane was carrying ten people.”

The plane crashed on Sunday morning “into the chimney of a building, then onto the second floor of a house, and finally fell onto a furniture store,” according to a statement from the Rio Grande do Sul Public Security Secretariat.

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