Following the removal of Venezuelan President Nicolás Maduro, the U.S. has shown interest in Venezuela’s vast oil and mineral resources, but critics warn that rapid investment may lead to severe environmental consequences. Venezuela boasts the world’s largest crude oil reserves but faces challenges like decayed infrastructure and corruption, resulting in frequent oil spills that threaten sensitive ecosystems. Additionally, its mineral wealth is concentrated in areas under criminal control, complicating U.S. involvement.
Despite Trump’s push for immediate investment in the oil sector, U.S. executives regard Venezuela as risky due to poor regulations and security conditions. Infrastructure repair is essential before attracting foreign investment, and while Venezuelan extraction laws exist, they are often not enforced.
Mining poses further complications, as it disrupts fragile habitats and is frequently marred by illegal activities. Non-state armed groups control mining areas, exposing companies to human rights issues. Some believe foreign companies could pursue mineral sourcing further down the supply chain, but this may overlook environmental and humanitarian concerns.
Yet there remains hope for a sustainable future, given Venezuela’s prior commitment to conservation, with nearly half its territory designated as protected. The effectiveness of any conservation efforts depends on political shifts, raising questions about the direction that Venezuela will take under its current administration.
