• 4 minutes Phase One trade deal, for China it is all about technology war
  • 7 minutes IRAN / USA
  • 11 minutes Shale Oil Fiasco
  • 16 minutes Swedes Think Climate Policy Worst Waste of Taxpayers' Money in 2019
  • 3 hours Indonesia Stands Up to China. Will Japan Help?
  • 4 hours We're freezing! Isn't it great? The carbon tax must be working!
  • 6 hours Trump capitulated
  • 9 hours Three oil pipeline projects inch toward goal-line for Canada
  • 14 hours The Libyan Oil in a Sea of Chaos, War and Disruptions
  • 1 day Trump has changed into a World Leader
  • 5 hours Gravity is a scam!
  • 7 hours Yet another Petroteq debt for equity deal
  • 4 hours US Shale: Technology
  • 21 hours Prototype Haliade X 12MW turbine starts operating in Rotterdam
  • 18 hours OIL & GAS LOSSES! Schlumberger Posts $10B Loss in 2019
  • 1 day Beijing Must Face Reality That Taiwan is Independent
  • 1 hour Thanks to Trump, the Iranian Mullahs Are Going Bankrupt
  • 2 hours Which emissions are worse?: Cows vs. Keystone Pipeline
How Will The Libyan Oil War End?

How Will The Libyan Oil War End?

The war for Libya’s oil…

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

Maduro campaign

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.

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

Oilprice - The No. 1 Source for Oil & Energy News