SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
For Immediate Release
August, 12 2022, 02:49pm EDT
Contact:
Email: info(at)fwwatch(dot)org
Seth Gladstone – sgladstone@fwwatch.org
What Must Come After the Inflation Reduction Act
Focus must shift to stopping Manchin 'side deal' and halting new fossil fuel projects.
WASHINGTON
Today, the House is poised to pass the Inflation Reduction Act, which features billions of dollars in spending that is aimed at bolstering clean energy production. The IRA also devotes enormous additional resources to carbon capture, unproven industry-favored technologies that have thus far done nothing to reduce pollution. The legislation does not include any policies that require emissions reductions, and does not address measures to restrict fossil fuel development.
In response, Food & Water Watch Executive Director Wenonah Hauter released the following statement:
"Serious climate action requires serious investments in clean, renewable energy alongside policies to dramatically restrict new fossil fuel development. The Inflation Reduction Act takes important steps to promote clean energy, but utterly fails to rein in toxic, destructive fossil fuel extraction.
"The Inflation Reduction Act can only be seen as the beginning of our response to the climate crisis. Much more is needed, specifically to restrict any and all new fossil fuel projects. Unfortunately the bill aims to actually promote additional drilling and fracking, an unconscionable trade off that will increase pollution in frontline and environmental justice communities.
"Our focus now must shift to stopping Senator Manchin's awful 'side deal' to fast track fossil fuel permitting. This giveaway to big corporate polluters would doom any progress that might result from the passage of this legislation."
Food & Water Watch mobilizes regular people to build political power to move bold and uncompromised solutions to the most pressing food, water, and climate problems of our time. We work to protect people's health, communities, and democracy from the growing destructive power of the most powerful economic interests.
(202) 683-2500LATEST NEWS
'Get the Oil Flowing': Trump's Own Words Make His War Aims in Venezuela Clear
"They have spoken openly about controlling Venezuela’s oil reserves, the largest in the world," said US Sen. Bernie Sanders. "It recalls the darkest chapters of US interventions in Latin America."
Jan 04, 2026
US President Donald Trump left no doubt on Saturday that a—or perhaps the—primary driver of his decision to illegally attack Venezuela, abduct its president, and pledge to indefinitely run its government was his desire to control and exploit the country's oil reserves, which are believed to be the largest in the world.
Over the course of Trump's lengthy press conference following Saturday's assault, the word "oil" was mentioned dozens of times as the president vowed to unleash powerful fossil fuel giants on the South American nation and begin "taking a tremendous amount of wealth out of the ground"—with a healthy cut of it going to the US "in the form of reimbursement" for the supposed "damages caused us" by Venezuela.
"We're going to have our very large United States oil companies, the biggest anywhere in the world, go in, spend billions of dollars, fix the badly broken infrastructure, and start making money for the country," Trump said. "We're going to get the oil flowing the way it should be."
Currently, Chevron is the only US-based oil giant operating in Venezuela, whose oil industry and broader economy have been badly hampered by US sanctions. In a statement on Saturday, a Chevron spokesperson said the company is "prepared to work constructively with the US government during this period, leveraging our experience and presence to strengthen US energy security."
Other oil behemoths, some of which helped bankroll Trump's presidential campaign, are likely licking their chops—even if they've been mostly quiet in the wake of the US attack, which was widely condemned as unlawful and potentially catastrophic for the region. Amnesty International said Saturday that "the stated US intention to run Venezuela and control its oil resources" likely "constitutes a violation of international law."
"The most powerful multinational fossil fuel corporations stand to benefit from these aggressions, and US oil and gas companies are poised to exploit the chaos."
Thomas O'Donnell, an energy and geopolitical strategist, told Reuters that "the company that probably will be very interested in going back [to Venezuela] is Conoco," noting that an international arbitration tribunal has ordered Caracas to pay the company around $10 billion for alleged "unlawful expropriation" of oil investments.
The Houston Chronicle reported that "Exxon, America’s largest oil company, which has for years grown its presence in South America, would be among the most likely US oil companies to tap Venezuela’s deep oil reserves. The company, along with fellow Houston giant ConocoPhillips, had a number of failed contract attempts with Venezuela under Maduro and former President Hugo Chavez."
Elizabeth Bast, executive director of the advocacy group Oil Change International, said in a statement Saturday that the Trump administration's escalation in Venezuela "follows a historic playbook: undermine leftist governments, create instability, and clear the path for extractive companies to profit."
"The most powerful multinational fossil fuel corporations stand to benefit from these aggressions, and US oil and gas companies are poised to exploit the chaos and carve up one of the world's most oil-rich territories," said Bast. "The US must stop treating Latin America as a resource colony. The Venezuelan people, not US oil executives, must shape their country’s future."
US Sen. Chris Van Hollen (D-Md.) said that the president's own words make plain that his attack on Venezuela and attempt to impose his will there are "about trying to grab Venezuela's oil for Trump's billionaire buddies."
In a statement, US Sen. Bernie Sanders (I-Vt.) echoed that sentiment, calling Trump's assault on Venezuela "rank imperialism."
"They have spoken openly about controlling Venezuela’s oil reserves, the largest in the world," said Sanders. "It recalls the darkest chapters of US interventions in Latin America, which have left a terrible legacy. It will and should be condemned by the democratic world."
Keep ReadingShow Less
Defying Trump, Venezuela VP Says 'We Will Never Again Be a Colony of Any Empire'
“What is being done to Venezuela is barbaric," said Delcy Rodríguez, who assumed the role of interim president following the US abduction of Nicolás Maduro.
Jan 04, 2026
Venezuelan Vice President Delcy Rodríguez, who assumed the role of interim president following the US abduction of Nicolás Maduro, said in a televised address Saturday that "we will never again be a colony of any empire," defying the Trump administration's plan to indefinitely control Venezuela's government and exploit its vast oil reserves.
“We are determined to be free,” declared Rodríguez, who demanded that the US release Maduro from custody and said he is still Venezuela's president.
“What is being done to Venezuela is barbaric," she added.
Rodríguez's defiant remarks came after US President Donald Trump claimed he is "designating various people" to run Venezuela's government, suggested American troops could be deployed, and threatened a "second wave" of attacks on the country if its political officials don't bow to the Trump administration's demands.
Trump also threatened "all political and military figures in Venezuela," warning that "what happened to Maduro can happen to them." Maduro is currently detained in Brooklyn and facing fresh US charges.
Rodríguez's public remarks contradicted the US president's claim that she privately pledged compliance with the Trump administration's attempts to control Venezuela's political system and oil infrastructure. The interim president delivered her remarks alongside top Venezuelan officials, including legislative and judicial leaders, Interior Minister Diosdado Cabello, and Defense Minister Vladimir Padrino, a projection of unity in the face of US aggression.
"Doesn’t feel like a nation that is ready to let Donald Trump and Marco Rubio 'run it,'" said US Sen. Chris Murphy (D-Conn.), who condemned the Trump administration for "starting an illegal war with Venezuela that Americans didn’t ask for and has nothing to do with our security."
Keep ReadingShow Less
After Venezuela Assault, Trump and Rubio Warn Cuba, Mexico, and Colombia Could Be Next
"The 'Trump corollary' to the Monroe Doctrine—applied in recent hours with violent force over the skies of Caracas—is the single greatest threat to peace and prosperity that the Americas confront today," said Progressive International.
Jan 03, 2026
US President Donald Trump and top administration officials, including Secretary of State Marco Rubio, characterized Saturday's assault on Venezuela and abduction of the country's president as a warning shot in the direction of Cuba, Mexico, Colombia, and other Latin American nations.
During a Saturday press conference, Trump openly invoked the Monroe Doctrine—an assertion of US dominance of the Western Hemisphere—and said his campaign of aggression against Venezuela represented the "Donroe Doctrine" in action.
In his unwieldy remarks, Trump called out Colombian President Gustavo Petro by name, accusing him without evidence of "making cocaine and sending it to the United States."
"So he does have to watch his ass," the US president said of Petro, who condemned the Trump administration's Saturday attack on Venezuela as "aggression against the sovereignty of Venezuela and Latin America."
Petro responded defiantly to the possibility of the US targeting him, writing on social media that he is "not worried at all."
In a Fox News appearance earlier Saturday, Trump also took aim at the United States' southern neighbor, declaring ominously that "something's going to have to be done with Mexico," which also denounced the attack on Venezuela and abduction of President Nicolás Maduro.
"She is very frightened of the cartels," Trump said of Mexican President Claudia Sheinbaum. "So we have to do something."
"This armed attack on Venezuela is not an isolated event. It is the next step in the United States' campaign of regime change that stretches from Caracas to Havana."
Rubio, for his part, focused on Cuba—a country whose government he has long sought to topple.
"If I lived in Havana and I was in the government, I'd be concerned, at least a little bit," Rubio, who was born in Miami to Cuban immigrant parents, said during Saturday's press conference.
That the Trump administration wasted no time threatening other nations as it pledged to control Venezuela indefinitely sparked grave warnings, with the leadership of Progressive International cautioning that "this armed attack on Venezuela is not an isolated event."
"It is the next step in the United States' campaign of regime change that stretches from Caracas to Havana—and an attack on the very principle of sovereign equality and the prospects for the Zone of Peace once established by the Community of Latin American and Caribbean States," the coalition said in a statement. "This renewed declaration of impunity from Washington is a threat to all nations around the world."
"Trump has clearly articulated the imperial logic of this intervention—to seize control over Venezuela's natural resources and reassert US domination over the hemisphere," said Progressive International. "The 'Trump corollary' to the Monroe Doctrine—applied in recent hours with violent force over the skies of Caracas—is the single greatest threat to peace and prosperity that the Americas confront today."
Keep ReadingShow Less
Most Popular