Tag: Oil companies

Current State of Venezuela’s Oil Industry: Resilience Amidst US Sanctions
Venezuela, home of one world’s largest oil reserves, has long been a key player in the global energy market. However, years of U.S. led economic sanctions have severely impacted its oil sector, restricting production, exports, and foreign investment. Despite these challenges, the Venezuelan government has maintained a steadfast commitment to revitalizing its oil industry while […]
June 9, 2025

State of Maine to Sue Oil Companies Over Climate Change
The lawsuit accuses the companies of having withheld what they knew about the consequences of fossil fuel use since the 1960s. Maine has become the latest U.S. state to sue oil and gas companies over climate change, claiming that Exxon Mobil, Shell, Chevron and other giants waged a decades-long campaign to conceal the effects of […]