- Chevron & Exxon may spend $10 bn/yr just to revitalize Venezuela’s oil. Compare that to their global spend on “low-carbon solutions” of $4 bn/year. Simplifying a bit, but the reality is this: money spent on expanding oil is money directly not spent on decarbonization. My thoughts for @apnews.comJan 9, 2026 21:14
- Caveat is that Exxon is loudly saying Venezuela is "uninvestable" .... for now ;) (www.ft.com/content/2986...)
