Venezuela's oil production facilities are old and worn out. In addition, the oil is thick, expensive - and among the dirtiest in the world. This involves major climate emissions, says energy analyst Thina Saltvedt.
BusinessLeading US oil companies are hesitant to make the investments in Venezuela's oil industry that US President Donald Trump expects. The CEO of oil giant Exxon says it is currently impossible to invest in the country.
BusinessAround 1,700 lobbyists with ties to fossil interests are present at the climate meeting in Baku, according to a review. It's like having tobacco lobbyists at a conference on lung cancer, says David Tong at the environmental group Oil Change International to AFP.
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