|Articles in El Tiempo call for more investment in |
However, oil has brought big environmental costs, and produced relatively few jobs.
Now that petroleum's price dive has demonstrated the danger of relying on commodity exports, Colombia's response is simple: Double down on oil.
|EcoPetrol's headquarters building in |
Bogotá. The company's mascot
is an iguana.
Nor is the newspaper or the government bothered by the contradiction between their dire warnings about the effects of oil-driven climate change and promises that Colombia will do its part, and the nation's oily ambitions.
I read recently that Colombia has only 7 years of petroleum reserves at the rate that it's pumping them out. Undoubtedly, they can extend those with more prospecting, but in the end it's probably a losing race.
There's also a vicious cycle (another type of tragedy of the commons) involved in the race to pump
|An electric tax. Bogotá has exactly 43 of them on the streets, |
according to El Tiempo.
(Photo: Ministry of the Environment)
Colombia should instead direct subsidies toward manufacturing, which employs lots of people and is more sustainable in the long run. (And would produce employment for ex-guerrillas who may not want to become poor farmers.) It should also make real efforts to shift toward more efficient and oil-free energy in transportation and industry.
By Mike Ceaser, of Bogotá Bike Tours