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Gabriella Turrisi

The “bad guys” at COP26

Everyone understands that burning fossil fuels contributes directly to global warming. We all know that we have to reduce oil and gas consumption to avert the worst effects of climate change. And we're well aware that this is a major focus at COP26 right now.

But spare a thought for those who are often portrayed as the bad guys in all of this: the countries that pump and export hydrocarbons like mad. And they do it not because they hate polar bears, but rather because oil and gas exports are crucial for their economies, their geopolitical power, or in some cases their very survival.

Let's have a look at the tradeoffs that a few exemplary exporters are dealing with.

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What We're Watching: Tick Tock for TikTok, Netanyahu loses support, Guyana's new president

TikTok, ya don't stop: The wildly popular video app TikTok has been in the crosshairs of American lawmakers for many months now. Why? Because the app is owned by a Chinese company, raising national security concerns that it could funnel personal data on its 100 million American users to the Chinese government. The plot thickened in recent days after President Trump abruptly threatened to ban the app altogether, risking a backlash among its users and imperiling US tech giant Microsoft's efforts to buy the company's operations in the US. Canada, Australia and New Zealand. After a weekend conversation between Microsoft and the White House, the sale negotiations are back on but US lawmakers say any deal must strictly prevent American users' data from winding up in Chinese Communist Party servers. And Trump says that unless a deal is reached by September 15th, he'll go ahead with the ban. The broader fate of TikTok — which has now been banned in India, formerly its largest market, and may be broken up under US pressure — nicely illustrates the new "tech Cold War" that is emerging between China and the United States.

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