Trump taking ‘drill, baby, drill’ plan to Venezuela ‘terrible’ for climate, experts warn

Following the capture of Nicolás Maduro, President Trump aims to dramatically increase oil production in Venezuela, which holds the world's largest oil reserves. Trump envisions US oil companies investing billions to revitalize Venezuela's oil infrastructure, potentially exceeding previous production levels. Experts warn that significantly increasing Venezuela's oil output would have severe climate consequences, adding substantial carbon dioxide to the atmosphere. Even a moderate production increase to 1.5 million barrels a day would generate emissions exceeding those of entire countries like the UK and Brazil. While Trump claims the US will be reimbursed for its investment, major oil companies have not yet committed to the plan.

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