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tv   Counting the Cost 2020 Ep 28  Al Jazeera  July 11, 2020 1:32am-2:01am +03

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election and professors want him to step down. at least one person has died as chaotic protest rock mali's capital bamako demonstrators of blocked roads attacked the parliament and stormed the premises of the state television channel which has now gone off air the protesters are demanding the resignation of president's ebrahim book arcade. a turkish court's decision to open its stumbles i also feel as a mosque has been called open provocation to the civilized world president says the building which has been used as a museum will be open for muslim prayer in 2 weeks' time it ruled that the 1500 year old monuments conversion to a museum was illegal those are the headlines counting the cost is next on al-jazeera but by. a global pandemic mass protests demanding change economic recession and geopolitical tensions not to mention the small matter
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of a looming election. steve clemons in conversation with leading voices on the bottom line your weekly take on u.s. politics and society on al-jazeera. hello i'm adrian finighan this is counting the cost on al-jazeera a look at the world of business and economics this week war games in the south china sea washington sends in aircraft carriers as beijing use its economic might to expand its territorial ambitions. big oil gets ready for a post covert world with billions in nigeria gets ready to export gas to europe. but no money to send home families struggle to pay for food and rent it's global witnesses to the pandemic.
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in the himalayas in disputed territory china has been exerting its presence to deadly effect 20 indian soldiers were killed in hand to hand combat the standoff between the 2 nuclear neighbors is just the latest move by an aggressive beijing to use its growing economic might in territorial disputes from taiwan to its control over hong kong but its president xi is reach across the south china sea that we want to look at closely this week to do that its defense spending is inching higher and higher from $143000000000.00 in 2010 to $261000000000.00 in 2019 al-jazeera alex go topless takes a closer look now at china's naval ambitions. this is a photo of a shipyard in china it shows night watch ships a missile defense system an aircraft carrier and a whole craft all being built similar taney seen shanghai and this is just one of
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several shipyards churning out warships. all the ships are part of china's new navy we started off as a coastal defense force protecting its shores and is rapidly becoming a massive group of integrated feelings capable of reaching further and further out as china becomes a global military power but china insists he's not interested in using all this power to dominate the region you're going to a recent government report the navy's ability then to defend itself and its interests among never trying to see it yemeni expansion or speed. so what is china's rapid naval expansion meaning friends neighbors. here's what china sees when it looks outside its borders it's one of the biggest military vessels japan has commissioned a menacing reminder up vladimir putin's military ambitions chinese subs are a potential target the in the pacific region is becoming increasingly volatile as
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china india the u.s. and others jockey for control to stay on top china has dredged islands in the south china sea for new military bases expanded its marine corps from 20000 troops 210-0000 introduced a whole host of new military technologies to its naval hospital as china's economy has grown it is used its wealth to secure strategic locations for any future use by its navy money has been poured into ports across the indian ocean in order to secure access rights and it's not just money it's also about resources china's large coastguard fleets a supplemented by maritime militias posing as fishermen but answering directly to the military they have harassed vietnamese and filipino. fishing fleets in an effort to control resource rich regions like the south china sea and some regional leaders have already accepted china's economic dominance when the she is in
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a main dish. them to vent team. china's neighbor forces now operate on a 2 track path on the one hand its militias and coast guard a dominating vital regions intimidating the vessels of other countries in order to establish control what we've seen in the last few years is when there's been disputes there's been a constant reaching for diplomatic channels from actually going to china. and other countries supplying the brakes on the other the size and power of the navy itself is stopping china's neighbors from pushing back against this low level harassment china doesn't want to engage in a military strategy it uses military power to enhance you simply lost the region but it's all part of the same package even though the sea surrounding china are increasingly under its control its navy hasn't slowed down instead it has extended its reach with china's navy wanting joint exercises further afield with pakistan
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iran south africa and russia all this has made china's neighbors increasingly fearful of the giant in their midst in response to life fire drills near taiwan the u.s. recently rushed through a large home sale the taiwanese government and after china showed off its anti ship and hypersonic missiles and japan started beefing up its own missile defenses and navy as china's military expands its influence the potential for conflict is growing its neighbors are unable at the moment to go up against this rapidly expanding regional power their concern for the future quietly arming and forging their own alliances in an effort to protect themselves against the rise of a regional superpower. joining us now via skype from. singapore is col and co colin is a research fellow at the institute of defense and strategic studies at the s. rajaratnam school of international studies great to have you on counting the cost there doesn't seem to be
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a nation in or around the south china sea that beijing doesn't have a territorial dispute with what lies behind china's claims. i mean basically it is a whole range of interests concerning china in the south china sea for example we are likely more aware of what we call territorial and jurisdiction a dispute in a smaller china's the release to a hold of. the for example energy. but it's also important to highlight that you know there is a strategic dimension of trainers constant interest in the south china sea and their release the china's evolving maritime strategy that increasingly looks outwards trying to expand strategic depth and paramita against external aggression so this is something that is not. exist in the future but is increasingly important
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the dynamics between chinese and american will force us in the south china sea in recent times the us has 3 aircraft carrier groups in the region the chinese don't have the firepower to match the us yet truly you new us has a $100.00 plus head start how long bow before china is on a par militarily and at what cost to its economy. this is a very good question i was that i said this question in 2 ways one is to highlight 1st of all the there is a difference fundamentally between the u.s. navy and the chinese navy for the u.s. navy is by nature and through history a global navy it has all the widespread interest 'd and therefore. carrier capably are spread out across the region the chinese navy at the moment the chinese navy has primarily is focused on its immediate waters in the western pacific where
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by means that no is able 'd to bring its firepower to bear mostly on this region so need i think me it's important to highlight that you know you are right to point out that the chinese navy still lags behind the u.s. navy in terms of carrier of war and a vision capability that is certainly one area to look at we are probably looking at in the next one decade or so as the navy right now is trying to get with the u.s. navy by trying to build more eco carriers try to build more carrier jet trying to train more carrier pilots and trying to create a full fledged battle group by building a host of other stuff a combatant as well as underway with that human bessel the u.s. has bases and alliances around the world which enables it to extend its reach what does china have the pelton road initiative is it damaging any goodwill around the
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world this is an important question because right now even as we're speaking the barrow initiate the solver it's a controversial project given what has been developed so far for example if anything one curricle what happened with sri lanka. do you. see and hear some 99 year lease. well china so they're actually in or is are not of very good publicity for china but i mean using the example of the beirut initiate the if is china's saw the strategy to try to create you know if placed under the wool know its own internationalist they should be a key great power a u.n. security council member and the thing is true the ban will initiate the especially to the 21st century. initiate the china envies ager's beauty a string of course in infrastructure the region especially those that will
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concentrate the around it's always asia and the indian ocean these in peacetime were allowed up here in the the project force but you what you call it the of these forces these will be held under question are we right in thinking that china appears at the moment to be much more confident aggressive if you like from what it's doing in hong kong and taiwan but disputes between india and china on their border and what kind of economic damage is that likely to do to china there's already been pushback from from india. and there's the possibility of more sanctions from the us. i wouldn't really call that confidence i mean if anything what we have seen in recent times being the border closure of india or what we saw 'd 'd in a whole string of causes activities in the south china sea and i think this reflects largely
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a growing insecurity and paranoia of the communities our party in power actually the thing is in all incomes of great pressure. if you look at what happened in china in the in the recent times look back at the trade war with the u.s. and look at what happened to hong kong what happened in taiwan with the election that doesn't touch in china stable and you look at you know the pandemic a brick itself in china i think there are actually a gruelling domestic pressures with the trainer which thereby of gliders the community has the 2 likely try to distract public attention and rally the people around some nationalistic agenda so we talk about economic damage i think right now china is facing some fundamental structural issues that arises from the pandemic outbreak and its impact on the economy we are going to see likely in the
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future a shift in the global supply chain over time you know take place also in but you know is going to take place and how as country start to recalibrate you know how do we do china for example what happened right now with the u.s. sanctions. you know a host of other issues like we while away these going to like the as the as a bit china's economic woes and you might potentially from china to try to prod the u.s. to us almost at the moment in the future comment it's really good to talk to many thanks indeed for being with us on counting the cost. oil producing nations are adjusting to the new normal post pandemic long in development nigeria has opened the taps on a $2800000000.00 gas pipeline which it hopes will deliver on jobs and reduce its dependence upon oil al-jazeera as ahmed address reports from nigeria. after
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15 years of delay nigeria's trans national gas pipeline is finally and the way the pipeline with the capacity to deliver 2200000000 cubic feet of gas will feed power plants and reactivity industries in central and northern nigeria. officials say the pipeline will draw from a little pipes in the south deepening the use of gash an indication that the country may finally be shifting focus tonight ill gas after more than 60 years of dependence on oil. and never will. cause the county and also particularly in areas where. the didn't and backstay should also to create opportunity for employment where you have more resources than when you develop god. for growth of your local economies you also have bigger market because as we go forward. a transition of diminishing across the globe of
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the new 600 kilometer pipeline will also link up with the existing network of pipes to deliver gas to the countries neighbors and eventually to europe through the 4400 kilometer transonic gas pipeline for more than a decade nigeria which produces on average $2000000.00 barrels of crude oil a day so it is because of oil market volatility it after more than half a century of production analysts believe the country has not maximized opportunities from product whose global price and demand is now diminishing. where i think we might have done better our rating is in the cost of production i think over the years. not only did we sort of grow production or you know reorganize production from joint venture to p.s.a. production but we allowed the cost of production to go out of control issues relating to security and all sorts of things so basically the net benefit per
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barrel of oil exports that was actually reduced so regardless of how much you produce if your cost of production is not optimal it's not good business industrial production in africa is because economy has fallen drastically mainly due to partial to the country currently produces less than $5000.00 megawatts of electricity despite having the walled 9 largest natural gas result of $230.00 trillion cubic feet the government holds. channel access gas kind of like being played by all companies to generate electricity. an estimated 800000000 cubic feet of gas is flooded every day from $174.00 points across the country the petroleum ministry said this costs nigeria more than a $1000000000.00 that could be used to produce 3000 megawatts of electricity. the country's newfound interest in gas could father propel the use of compressed
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natural gas in cause as global interest and patrol reduces that's an initiative. which is to increase. across the country there's a project that will soon take off and the whole idea is to see how mobility. would see an engine and this is the expansion of opportunities not only that it's also the budget on. africa's biggest oil producers to me imports premium motor spirits or petrol with huge subsidies but despite winning appetite for oil analysts say demand for nigeria's light sweet crude will remain the crude oil that we have is never going to go to waste. whether we export it the the local demand regardless of the fact that the crude oil demand is on the decline globally the local demand for crude products would always still be reasonably substantial
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coupled with the excess that we go into. so i think there is a place for. i think that. is reasonable it can grow slowly but i think it's important to make sure that we operate more efficiently although threats to oil pipelines and crude oil theft of reduced over the years any resumption of attacks on the infrastructure could derail nigeria's dream of boosting its domestic gas utilization and exports. al-jazeera. no cars on the road no planes in the sky and no trains on the tracks from beijing to l.a. clear skies gave the world room to breathe was it a vision of the world without oil big oil doesn't believe that we'll get back to past ovals of oil consumption and many produces a remaking themselves for a world uses a lot less oil joining us now from london via skype is charlie chronic charlie is a senior climate advise a greenpeace u.k.
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jolly good to have you with us is this not a transformative moment for the oil industry or are we just seeing oil companies preparing themselves for a new reality a new oil price low oil price environment. i think it's an inflection point this this moment has been a long time coming and both analysts industry professionals and obviously environmentalists have highlighted the fact that if we're going to address the issues and challenges of climate change oil and gas will have to be a much much smaller part and ultimately play no part in the energy future post 2050 i think what this moment has shown us is that that that that transition and that transformation could be coming much much sooner than anybody in the industry expected so when b.p.'s chief executive talks about becoming a net 0 company by 2050 what does he mean is just going to keep more of the oil
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in the ground is it going to move into into greener technology but still be b p. i guess you'd have to ask him that for sure but i mean what's in what's absolutely implicit in their target is that they said they are going to 0 emissions for the oil and gas that they produce by 2050 so that means either there's going to be virtually no or the gas produced and sold by 2050 by b.p. or they're expecting their customers to end users to somehow either capture and sequester those emissions or to offset them somehow and that is the big big uncertainty in this are we talking about a 0 carbon world in 2050 are we talking about a world with an awful lot of carbon bookkeeping in accounting trying to juggle it so b.p. is said what they intend to do but what they can't say is what their customers are going to do whether we like it or not whether the and whether it's good for the environment or not the multi-trillion dollar oil industry is here to stay for the
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next few decades at least at least seeing enough of a transition to wind power solar power a government's spending more in those areas pushing more stimulus into those areas other doing well enough. governments aren't anywhere near well enough if you look at the recent stimulus whether it's come from the european central bank or the bank of england here most of the the coded response payments have gone to low carb high carbon industries with virtually no conditionality attached and governments frankly are are not stepping up whatever they say what's interesting though is that the markets are beginning to realize that the future possibility is much much weaker the decision by dominion to abandon the mid atlantic gas pipeline in united states recent announcement by the european investment bank that l n g isn't going to be a part of the energy future because it can be out competed by renewables what that
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shows is that the transition is actually had both what the fossil fuel industry and governments are already expecting. oil hasn't been the desired boon for countries like nigeria nor is it likely to be as long as prices remain as low as they are. you think about things like the environmental damage of the niger delta. the what's been the cost of foot from nigeria of trying to get on to the oil boom. it's i mean it has been huge in both financial terms because the money that was extracted with that oil never seems to have been repatriated to nigeria and certainly not made it down to those communities that have been most impacted by it but and those same challenges are going to be faced by countries all around the world you know guiana is is looking at an oil boom right now that's been that's been fueled by exxon discoveries there will that money particularly in a low price environment ever end up with the poorest people in the poorest country
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in latin america it's unlikely but even if you look at a country like the united states the impacts of the petrochemical industry in the mississippi delta for example have been very uneven in terms of the way the benefits have been distributed both to the companies that have done well out of it to the to the financiers who finance that but definitely not to the communities that live around the refineries and pipelines really good to talk to charlie many thanks indeed for being with us on account of a cost thank you very much. now the world bank expects global written sista plunged 20 percent to 445000000000 dollars this year and that's some slump considering the 2008 financial crisis or decline of just 5 percent millions of african families who depend on money sent home by relatives working in other countries are struggling to pay their rent and buy food. reports now from kenya. us month. from somalia has been living in the kenyan capital nairobi for the past
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17 years. employment the father of 9 children has always depended on money sent by friends and relatives to feed his family and pay other expenses. he says he hasn't received any money for the past 3 months. on a lot of different meaning we have some relative youth. who are already in the u.s. and canada. u.k. so they used it to send out something a month in the month his situation is similar for many other families whose breadwinners walk in other parts of africa. giulia of the a mother of 2 is visiting a money transfer office for the 1st time in 3 months. my husband is a trader and say it's a done and he was forced to close his business he's been unable to send us any money since march we've been forced to live off our meager savings before the
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outbreak of the koran of violence bungholes like this one will be full of customers eagerly waiting to collect funds sent by their relatives abroad and now they're few and far between lockdown measures of doctor didn't many countries have led to job losses for migrants and consequently a reduction in remittances. funds sent home by migrants from sub-saharan africa grew tenfold from 4800000000 in 2000 to 48000000000 in 2018. but the world bank predicts a 23 percent fall this year in international remittances to africa because of the covered $1000.00 pandemic that will have implications for the economy to spin countries most of the middle income countries depend on remittances so if we can't have remittances being transferred to these countries it's becoming increasingly challenging and this will certainly impact the development in countries such as
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somalia where there are no reliable banking services airport closures and flight cancellations of made up says to remittances have been more difficult. workers that these money transfer company which operates in at least 4 to control in africa are calling on the global financial institutions and governments to intervene an issue the continued flow of remittances and how. it will be connected. and that's our show for this week if you'd like to comment on anything we've seen you can get in touch with us tweet me i'm a fan again on twitter use the hash tag a j c t c when you do or you could drop us a line count of across the al-jazeera dog that is our e-mail address. as always there's plenty more for you online at al-jazeera dot com slash c t c takes you straight to our page and there you'll find individual reports links even entire episodes fuser catch up. but that's it for this edition of counting the cost i'm adrian for going to the whole team here in doha thanks for being with us
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