• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day Does Toyota Know Something That We Don’t?
  • 4 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 1 day World could get rid of Putin and Russia but nobody is bold enough
  • 9 hours America should go after China but it should be done in a wise way.
  • 4 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 3 days China is using Chinese Names of Cities on their Border with Russia.
  • 4 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 3 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 4 days Putin and Xi Bet on the Global South
  • 4 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 5 days United States LNG Exports Reach Third Place
  • 5 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 9 days huge-deposit-of-natural-hydrogen-gas-detected-deep-in-albanian-mine

Breaking News:

Chicago Files Suit Against Big Oil

Country With Largest Oil Reserves Urges World To Care For Mother Earth

Venezuela’s officially recognized president Nicolas Maduro on Wednesday called on the world to take care of Mother Earth, claiming that the only way to achieve balance is through ecosocialism. The call comes on World Environment Day, according to Prensa Latina.

Ecosocialists argue that the only surefire way to arrest climate change is to give capitalism the old heave-ho, forgoing profits in exchange for more earth-friendly decision making.

Venezuela, which is suffering the worst humanitarian crisis in history apart from in Yemen, relies on crude oil for 98% of its export revenues. Venezuela also has a booming mining industry, including bauxite, coltan, coal, gold, and iron ore—at least they did prior to US sanctions.

Maduro opened up the Orinoco Mining Belt to mining a few years ago—mostly unregulated—an act that raised just a handful of eyebrows that would have typically decried the destructive nature of the processes, including deforestation and mercury poisoning.  

The Orinoco Arc covers 43,000 square miles and covers an eighth of Venezuela’s total land.

Marshall Billingslea, assistant secretary for terrorist financing at the US Treasury Department, accused Maduro of turning “to wholesale, rampant destruction of the environment through strip mining on a massive scale of gold and other precious metals in the Orinoco Belt.”

The Venezuelan government also made a statement on Earth Day in April in a bid to bring awareness to climate concerns, specifically overpopulation, the production of pollution, and the conservation of biodiversity, according to Presna Latina. For its part, Venezuela announced it would plant an unspecified number of trees and release two endangered species.

Venezuela pledge to reduce greenhouse gas emissions by 20% by 2030 at Paris COP21, contingent on financial donations and access to technology from wealthier nations.

ADVERTISEMENT

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • Brett Blaikie on June 06 2019 said:
    Reminds me of Crown Prince Charles pontificating from the seat of opulence and the center of world exploitation. "You peasants need to suck it up" is a lot like "let them eat cake" isn't it?

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News