International

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

Paraguay summons Brazilian ambassador over Itaipú espionage scandal

Paraguay summoned the Brazilian ambassador in Asunción on Tuesday to demand “explanations” and called its own representative in Brasília for consultations following Brazil’s acknowledgment of an espionage operation. The Brazilian government, led by President Luiz Inácio Lula da Silva, attributed the operation to the previous administration.

The surveillance effort aimed to uncover Paraguay’s position in now-suspended negotiations with Brazil regarding the pricing of electricity from the binational Itaipú hydroelectric plant, according to reports in the Brazilian press.

The Brazilian government “categorically denied any involvement in the intelligence operation,” stating in a Foreign Ministry communiqué on Monday that the espionage was carried out under former President Jair Bolsonaro’s administration (2019-2023).

“The operation was authorized by the previous government in June 2022 and was annulled by the interim director of the (state intelligence agency) ABIN on March 27, 2023, as soon as the current administration became aware of it,” Brazil’s government asserted.

Paraguay’s Foreign Minister Rubén Ramírez announced that Brazilian Ambassador José Antonio Marcondes de Carvalho was summoned “to provide detailed explanations” regarding the operation. Additionally, Paraguay recalled its diplomatic representative in Brasília “to report on aspects related to the intelligence activity conducted by Brazil regarding Paraguay’s government affairs.”

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International

Elon Musk to step down as government advisor, per Trump insiders

President Donald Trump has informed his inner circle that Elon Musk will be stepping down from his role as a government advisor, according to a report by Politico today.

Citing three individuals close to Trump, Politico states that the president is pleased with Musk’s leadership at the Department of Government Efficiency (DOGE), where he has implemented significant budget cuts. However, both have agreed that it is time for Musk to return to his businesses and support Trump from a different position outside the government.

A senior administration official told Politico that Musk will likely maintain an informal advisory role and continue to be an occasional visitor to the White House. Another source warned that anyone thinking Musk will completely disappear from Trump’s circle is “deluding themselves.”

According to the sources, this transition is expected to coincide with the end of Musk’s tenure as a “special government employee,” a temporary status that exempts him from certain ethics and conflict-of-interest regulations. This 130-day period is set to expire in late May or early June.

International

Milei vows to make Argentina so strong that Falkland Islanders “choose” to join

Argentine President Javier Milei reaffirmed his country’s claim over the Falkland Islands (known as the Islas Malvinas in Argentina) and praised the role of the nation’s armed forces during a ceremony marking the “Veterans and Fallen Soldiers of the Malvinas War Day,” commemorating 43 years since the 1982 conflict with the United Kingdom.

Argentina continues to assert sovereignty over the islands, arguing that Britain unlawfully seized them in 1833.

“If sovereignty over the Malvinas is the issue, we have always made it clear that the most important vote is the one cast with one’s feet. We hope that one day, the Malvinas residents will choose to vote with their feet and join us,” Milei stated.

“That is why we aim to become a global power—so much so that they would prefer to be Argentine, making deterrence or persuasion unnecessary. This is why we have embarked on a path of liberation, working to make Argentina the freest country in the world and once again the nation with the highest GDP per capita on the planet,” he added.