At the Climate COP, Delcy Rodriguez Seeks Oil Investments
- On Thursday, the fifth day of COP31 in Antalya, Turkey, Acting President Delcy Rodriguez addressed the conference, asserting Venezuela's sovereign right to develop its oil industry while acknowledging climate concerns.
- Representatives from nearly 200 countries are at COP31, where a recent UN report found the world is on track to exceed the 1.5 degrees Celsius warming limit established under the Paris Agreement.
- British Prime Minister Andy Burnham told the conference that energy supply disruptions from the US-Israeli war with Iran and Russia's war with Ukraine demonstrate clean energy is the only route to security.
- Reaffirming Venezuela's position, Rodriguez told the summit, 'We reaffirm our sovereign right to strengthen our energy and oil industry as a driver of our national development,' adding that forests act as a 'lung for the planet.'
- President Donald Trump has stated that investing in Venezuelan oil can bolster national security by increasing Western Hemisphere energy supplies, even as his administration withdrew from formal climate cooperation last year.
31 Articles
31 Articles
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In August, the United States and Venezuela initialled an agreement granting Washington the management of 65 billion barrels of the Caribbean country's oil reserves, equivalent to 20% of the total.
Venezuelan Interim President Delcy Rodriguez defended her country's right to develop its oil industry at the COP31 Climate Summit in Antalya. At the summit, where calls to move away from fossil fuels were prominent, Rodriguez stated, "We reaffirm our sovereign right to strengthen our energy and oil sector."
Venezuela tells COP31 it has sovereign right to pump more oil
Venezuela’s Acting President Delcy Rodriguez’s comments at the UN talks on Turkiye’s Mediterranean coast jar with efforts by other conference leaders to convince global governments to accelerate a shift from carbon-emitting fossil fuels
(Rome=Yonhap News) Correspondent Min Kyung-rak = South American oil-producing nation Venezuela emphasizes the justification for expanding oil production at the United Nations Climate Change Conference (COP31)...
Acting President Delcy Rodriguez defends sovereign energy development while calling for just transition
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