World · Latin America · 1 hr ago

Venezuela says it has the right to expand its oil industry

Venezuela says it has the right to expand its oil industry

Venezuela's acting president defended expanding its oil industry at the COP31 climate conference in Antalya, Turkey.

Delcy Rodriguez said the country has a sovereign right to develop oil while recognising the need to tackle climate change.

She argued that Venezuela can grow its oil industry and protect the environment, and said its forests absorb more carbon than the country emits.

She did not address the emissions from oil Venezuela exports.

Her position contrasts with calls at the conference to shift away from fossil fuels, while the United States is seeking investment to increase Venezuelan oil output.

Nearly 200 countries are trying to agree on stronger climate action during the two-week summit, which is now in its fifth day.

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What people are saying

Delcy RodriguezVenezuela’s acting president
We reaffirm our sovereign right to strengthen our energy and oil industry as a driver of our national development
via The Hindu
Andy BurnhamBritish prime minister
The shift to clean energy is the only route to energy security
via The Hindu