By Melissa Moskowitz*
NEW YORK (IDN) - Despite being immensely popular among the people of Argentina, the Argentinean government's decision to nationalize the YPF (Yacimientos Petrolíferos Fiscales) oil company has continued to come under attack by those who obstinately promote extractive capitalism. The measure would nationalize YPF and restore 51 percent of the company's ownership to Argentina. It would thus end sister company Repsol's 57.4 percent majority stake in the company.
By R. Nastranis
STOCKHOLM (IDN) - In the run-up to the Rio+20 summit June 20-22 in Brazil, an international conference in Stockholm has agreed on a set of 13 recommendations for governments, businesses, organisations and individuals to promote and contribute to sustainable development.
By R. S. Kalha*
NEW DELHI (IDN) - According to well-placed oil industry sources, the arrival of new technology and innovative methods of drilling are opening up new vistas hitherto thought impossible. Natural gas and oil stored deep underground in fine-grained sedimentary rocks can be extracted using a process known as hydraulic fracturing – or ‘fracking’ – which involves drilling long horizontal wells in shale rocks more than a kilometre below the surface. Massive quantities of water, sand and chemicals are pumped into the wells at high pressure. This opens up fissures in the shale rock formations, which are then held open by the sand, enabling the trapped gas and oil to escape to the surface for collection.
By Raja Ram
COLOMBO (IDN) – The resolution on reconciliation and accountability in Sri Lanka adopted at the UN Human Rights Council (UNHRC) on March 22 by a vote of 24 to 15 is a legitimate exercise by the international community and not an act of unwarranted external interference in Sri Lanka’s internal Affairs, says Sri Lanka’s Friday Forum in a recent public statement.
Demonstrations of public sentiment decrying the UNHRC resolution and the premises on which it is based were widespread in Sri Lanka before and after the resolution was adopted. Threats were uttered against those who did not oppose the resolution.
By Alemayehu G Mariam*
SAN BERNARDINO, USA (IDN) - After 420 days of trial (over nearly four years), 115 witness, over 50,000 pages of testimony, and 1,520 exhibits, Charles Taylor, warlord-turned-president of Liberia, was found guilty on 11 counts by the UN Special Court for Sierra Leone.
By Shastri Ramachandaran*
NEW DELHI (IDN) - In any contest, the obvious winner is rarely ever the only winner. This is often lost sight of in the moment of euphoria. The overwhelming victory of Aung San Suu Kyi and her National League for Democracy (NLD) in the 45 by-elections to Myanmar’s parliament has other winners, too.
Myanmar’s President Thein Sein, the government and the military establishment also deserve to be counted among the winners. Doubtless, the iconic Suu Kyi – symbol of the struggle for democracy since 1988 – is the leading force of the transformation now underway.
By Eva Weiler
BONN (IDN) - Defining the path for a new global climate change agreement is one of the five crucial areas in which progress needs be made in 2012, according to ministers and high-level officials who gathered for an informal meeting on May 4-5 in Bonn, the seat of the secretariat of the UN Framework Convention on Climate Change (UNFCCC) which, with 195 countries, has near universal membership.
By Kalinga Seneviratne*
SINGAPORE (IDN) - When the alumni of India’s prestigious Indian Institute of Technology (IIT) met in Singapore in April, there was much discussion whether the emergence of Asia as the world's centre of economic activity could help to create a different, and perhaps a better model of global capitalism.
By Shastri Ramachandaran*
NEW DELHI (IDN) - Much has been written about Bo Xilai, the charismatic party secretary of the southwestern city of Chongqing who was sacked from the 25-member Politburo of the Communist Party of China (CPC). And, much more is likely to be written in the turbulent course of China’s decadal political transition set to climax in March 2013.
By Ernest Corea*
WASHINGTON DC (IDN) - The Republican Party will anoint its candidate for the 2012 US presidential election with the oil of confidence and crown him with anticipation at its party convention scheduled for August 27-30 in Tampa, Florida.
By Ramesh Jaura
BERLIN (IDN) - When he took to the road to correct imbalance in the flow of information, which was very much to the detriment of newly independent and developing countries, there was an air of optimism and trust, recalls Roberto Savio, a global citizen par excellence who embodies culture of peace and is a relentless champion of pluralism in the media.