Trump says oil majors primed to invest in rebuilding infrastructure following Maduro ouster
US oil giants have so far remained silent on Donald Trump’s claim that they are primed to spend “billions and billions of dollars” rebuilding the Venezuelan oil industry following the ouster of Nicolás Maduro.
Chevron, the only US oil company still operating in Venezuela, committed only to following “relevant laws and regulations” after the Trump suggested American energy multinationals would be central to his plans for the country.
Venezuela’s vast oil reserves – reputedly the world’s largest – will be modernized and exploited, Trump claimed in interviews and a press conference at his Mar-a-Lago estate. US oil firms will invest heavily to reconstruct “rotted” infrastructure, ramp up production and sell “large amounts … to other countries”, he told reporters, adding: “We’re in the oil business.”
On the very slim chance any of you are shareholders to one of these companies you can always write to the CEO and board warning them that you don’t want your investment put at risk by taking part in what could be a decades-long Insurgency. That you would consider that a violation of their fiduciary responsibilities by putting your shares at risk of major unnecessary losses. Certainly can’t hurt.
I wonder if there are any investors in oil companies on Lemmy at all tbh
Like I’ve got a decent portfolio of investments, but I will never directly invest in oil (or military). Given the demographics here, I wonder if I’m a pretty typical investor or not
No that’s typical. The vast majority of investors do, or at least should, invest in ETFs and mutual funds instead of individual stocks. And on Lemmy, most people would not choose one of those companies.
I probably have money invested in them because I haven’t evaluated moving my investments into activist funds.
While all ESG funds are imperfect (they almost all invest in tech bro corporations), I can at least suggest Vanguard’s ESGV fund, which is almost entirely devoid of fossil fuel companies, as verified by Fossilfreefunds.org (they’re down rn, unfortunately).
It’s nearly impossible in Canada to have investments in an ETF without oil exposure. I still have money in VGRO for instance.
Same
All my investments in energy and utilities are in renewable sector. It’s been doing well so far, if I do say so myself. To my knowledge, the companies I invested in are pretty ethical. I mean, green renewables are seen as the saviour and good guys industry compared to oil and gas.
lol regular people with 401k’s don’t have any power when there’s trillionaires and billionaires walking around
They don’t give a shit about “widows and orphans” investors (actual term).
This whole thing has been so absurd. Trump obviously has no message discipline so he blurts out whatever nonsense he thinks of on the spot. For oil companies to actually control Venezuelan oil infrastructure, they would need a US ground invasion first. Hundreds of thousands of troops. There is no such buildup at present and I don’t really think Trump has the buy-in to make that move despite how culturally sick the US current is .
But these are Americans were talking about here. The majority of them thought it a good idea to either vote the orange rapist into office, or sit it out in smug virtue signaling. They didn’t vote, so i guess the best they can do now is protest.