chapotraphouse

Sergio Guzmán, director of Bogotá-based consultancy Colombia Risk Analysis, said that the decision to suspend coal exports to Israel was “shortsighted” as the global market for the fossil fuel continues to dwindle amid a transition to greener energy sources.

“Petro is making a grandiose geopolitical move that is poised to hurt Colombia potentially more financially than Israel, the target of the action,” Guzmán said.

Its called doing whats right instead of doing what makes you money.

Colombia’s mining association ACM warned on Thursday that suspending coal exports to Israel would hurt Colombia’s economy. “This decision would not comply with international commitments by Colombia that should be respected and puts at risk the confidence of markets and foreign investment,” ACM said in a statement.

No not the confidence of markets

I read an article a few days ago in which capitalists were worrying about ban on coal exports to Israel.