US plan to exploit Venezuela’s oil could eat up 13% of carbon budget to keep 1.5C limit
Exclusive: ClimatePartner analysis shows how move would risk plunging Earth further into climate catastropheUS plans to exploit Venezuela’s oil reserves could by 2050 consume more than a tenth of the world’s remaining carbon budget to limit global heating to 1.5C, according to an exclusive...
<p><strong>Exclusive:</strong> ClimatePartner analysis shows how move would risk plunging Earth further into climate catastrophe</p><p>US plans to exploit Venezuela’s oil reserves could by 2050 consume more than a tenth of the world’s remaining carbon budget to limit global heating to 1.5C, according to an exclusive analysis.</p><p>The calculation highlights how any moves to further exploit the South American nation’s oil reserves – the largest in the world, at least on paper – would put increasing pressure on climate goals, and risk plunging the globe further into climate catastrophe.</p> <a href="https://www.theguardian.com/environment/2026/jan/12/us-plan-to-exploit-venezuelas-oil-could-eat-up-13-of-carbon-budget-to-keep-15c-limit">Continue reading...</a>
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