What We're Watching: Bombshell UK news, China-Philippines ties, Chilean constitution draft, G20 meeting

What We're Watching: Bombshell UK news, China-Philippines ties, Chilean constitution draft, G20 meeting
Johnson attends a news conference during a NATO summit in Madrid.
REUTERS/Yves Herman

Britain’s bombshell resignations

The hits keep coming for the scandal-plagued administration of UK Prime Minister Boris Johnson. On Tuesday, Chancellor Rishi Sunak and Health Secretary Sajid Javid, both of them heavyweights in the Conservative Party, quit Johnson's government. The trigger came in the wake of MP Chris Pincher’s resignation last week. Pincher stepped down amid new allegations of sexual misconduct. But the party controversy has erupted over the PM’s decision to appoint Pincher as deputy chief whip in the first place. He denied being aware of earlier sexual misconduct allegations against Pincher. Those stemmed from Johnson’s tenure as foreign secretary, when Pincher served under him. The PM was forced to acknowledge this week that he had been briefed on the matter. On Tuesday, Johnson admitted that appointing Pincher had been a mistake. Johnson survived an embarrassing vote of no confidence on June 6 following revelations that he participated in social gatherings that violated COVID lockdown rules and failed to come clean with parliament. But the Pincher scandal and these bombshell resignations now have Johnson’s political career on life support.

Marcos 2.0’s China puzzle

Less than a week after being sworn in as president of the Philippines, Ferdinand Marcos Jr. faces his thorniest foreign-policy issue: China. Chinese Foreign Minister Wang Yi dropped by Manila this week to meet with his newly minted counterpart Enrique Manalo, and so far Marcos is rolling out the red carpet. The Philippine leader said on Tuesday that he's open to boosting military cooperation with Beijing as a way to resolve the countries' dispute over maritime sovereignty in the South China Sea. What that actually means is unclear, but Marcos is trying to carve out his own sweet spot between his China-loving predecessor, Rodrigo Duterte, and the prior pro-US administration, which six years ago won an international lawsuit against China over the South China Sea. The stakes are high for the new Philippine president, who must walk a a tightrope to avoid antagonizing both Beijing and Washington (Manila maintains strong defense ties with the latter). What's more, he knows that a majority of Filipinos prefer the US to China, so he’ll have to play both sides to unify a country still divided over the legacy of his dad, the late dictator.

Chileans to vote on new constitution

After a year-long review process, Chile’s 154-member Constitutional Assembly presented a draft new charter to President Gabriel Boric on Monday. Chileans will have two months to review the text before having their say in a referendum scheduled for Sept. 4. In late 2020, Chileans voted overwhelmingly to ditch the current Pinochet-era constitution in a referendum that the government organized in response to mass protests over rising inequality. A year later, Chileans picked a majority of left-leaning and independent candidates to write the draft. The revamped charter focuses on social welfare and the environment instead of economic stability, recognizes the rights of the Indigenous population, and aims to restructure the national healthcare system in one of Latin America's wealthiest yet also most unequal nations. Will it pass Chilean voters' smell test? According to a recent poll, those in favor and against are neck-and-neck, with more than one-third still undecided. Perhaps one of the reasons is the battered Boric, whose approval rating has plummeted since his December 2021 election due to some rookie missteps and the immense challenge of getting anything done in deeply polarized Chile.

Trouble in paradise at the G20

Will the world’s 20 leading economies be able to work together to address soaring global food and energy prices? That’s one big question as the foreign ministers of the G20 prepare to meet this week in the Indonesian island paradise of Bali. But other intrigues abound. Will US, British, and Canadian officials walk out on Russian Foreign Minister Sergey Lavrov as they did at a G20 finance meeting in April? Doing so would send a message that the “West” disapproves of Russia’s invasion of Ukraine, but it would also complicate efforts to address food and fuel inflation, which will require some level of cooperation with the Kremlin. Meanwhile, US Secretary of State Tony Blinken will meet with his Chinese counterpart on the sidelines of the summit. Among many issues on the agenda for the world’s two largest economies is whether the Biden administration will lift some Trump-era tariffs on Chinese goods as a way of bringing down soaring inflation ahead of the midterm elections. If so, what would Washington ask of Beijing in return?

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Getting access to energy, whether it's renewables, oil and gas, or other sources, is increasingly challenging because of long lead times to get things built in the US and elsewhere, says Greg Ebel, Enbridge's CEO, on the latest "Energized: The Future of Energy" podcast episode. And it's not just problems with access. “There is an energy emergency, if we're not careful, when it comes to price,” says Ebel. “There's definitely an energy emergency when it comes to having a resilient grid, whether it's a pipeline grid, an electric grid. That's something I think people have to take seriously.” Ebel believes that finding "the intersection of rhetoric, policy, and capital" can lead to affordability and profitability for the energy transition. His discussion with host JJ Ramberg and Arjun Murti, founder of the energy transition newsletter Super-Spiked, addresses where North America stands in the global energy transition, the implication of the revised energy policies by President Trump, and the potential consequences of tariffs and trade tension on the energy sector. “Energized: The Future of Energy” is a podcast series produced by GZERO Media's Blue Circle Studios in partnership with Enbridge. Listen to this episode at gzeromedia.com/energized, or on Apple, Spotify,Goodpods, or wherever you get your podcasts.