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"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."
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, suggesting American troops could be deployed, without congressional authorization, to bolster such efforts.
"We're going to get the oil flowing the way it should be," he added.
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."
"Big Oil's climate deception has evolved from lying about the problem to lying about solutions," said the head of the Center for Climate Integrity.
A group that supports communities' efforts to hold Big Oil accountable for decades of deception related to the climate emergency released a report on Thursday after reviewing more than 300 advertisements from four fossil fuel giants since 2000.
Over the past decade, people across academia, civil society, Congress, and journalism have examined the evolving lies of oil and gas giants, which have long been accused of using Big Tobacco's playbook.
"Using evidence from congressional investigations, advertising, and public relations documents, independent journalism, and watchdog reports," the new analysis states, "Big Oil's Deceptive Climate Ads explains how the pervasive and misleading messaging in BP, Chevron, ExxonMobil, and Shell’s advertisements has not only misrepresented the companies' business practices, but, over the span of two and a half decades, effectively cultivated a larger, deceptive narrative that oil and gas companies are leaders in the fight against climate change, when in fact they are actively fueling climate catastrophe around the globe."
The Center for Climate Integrity (CCI) report notes that "while oil and gas companies and their trade associations publicly denied the risks and realities of climate change for decades, growing public understanding of climate science around the turn of the 21st century eventually meant that outright denial was no longer sufficient to protect their bottom line."
NEW: For 25 years, four oil giants sold false climate promises through deceptive ad campaigns.Our report examined 300+ ads from BP, Chevron, Exxon, and Shell from 2000-2025. Together they push a false narrative that Big Oil is leading climate solutions. In reality, they're fueling catastrophe.
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— Center for Climate Integrity (@climateintegrity.org) December 11, 2025 at 8:54 AM
"During this period, major oil and gas companies began to reposition themselves publicly as active partners in the fight against climate change, even while they continued to increase fossil fuel production, invest minimally in clean energy, oppose energy efficiency initiatives, and promote technically or economically infeasible solutions," the document details.
"To convey this misleading image to the public," the publication continues, "Big Oil companies carried out extensive advertising campaigns, inundating the public with messaging that creates an overall deceptive portrait of their true role in the climate crisis."
CCI sorted the ads across seven categories of deception: emissions reductions, renewables investments, individual action, natural gas, carbon capture and storage, hydrogen, and algae biofuels. The group found that "these skillfully crafted advertisements often include partially truthful statements but omit relevant contextual information to create an inaccurate or incomplete representation of the initiative, product, or technology they promote."
"For instance, advertisements that portray natural gas as beneficial for the climate because it 'lowers emissions' are misleading by omission, because although gas produces less CO2 and other pollutants than coal when burned, it still emits significant quantities of greenhouse gases, including CO2 and methane, that pose a serious threat to the climate," the publication points out. "This tactic, known as paltering, has been at the core of Big Oil companies' climate advertisements for the past 25 years."

The report also acknowledges the public response: "Market research shows BP's 'Beyond Petroleum' campaign increased brand favorability among US and UK audiences, leading viewers to associate the oil giant with efforts to reduce carbon emissions at a time when it was the largest producer of fossil fuels in the UK and North America. Chevron's 'Real Issues' campaign, which promoted its energy conservation initiatives and renewables investments, improved the company's reputation among ad-exposed audiences."
The publication comes as the climate emergency continues to worsen, with deadly impacts, and world leaders fail to take adequate steps toward "a just, equitable, fossil-free future." Meanwhile, communities continue to call for not only action to limit future global warming but also consequences for the big polluters that created the global crisis.
The report similarly concludes that "oil and gas companies—including BP, Chevron, ExxonMobil, and Shell—must be held accountable for the damages their deception has caused. As climate accountability lawsuits filed by communities across the US make their way through the courts, ongoing advertising deception by the four oil majors' in this report demands further scrutiny and investigation."
CCI president Richard Wiles echoed that demand in a Thursday statement: "Big Oil's climate deception has evolved from lying about the problem to lying about solutions. For two-and-a-half decades now, these companies have sold the public a false and misleading image of their industry as working to solve the climate crisis, all while doubling down on fossil fuels and making the problem worse."
According to Wiles, "Any business that floods consumers with such brazenly deceptive advertising must be held accountable."
"A debt is not owed to Chevron. A debt is owed to the Amazonian families still waiting for truth, justice, and full reparation."
A US advocacy group, American human rights lawyer Steven Donziger, and the group in Ecuador behind a historic legal battle against Chevron over its dumping of toxic waste in the Amazon rainforest are condemning the Ecuadorian government's plans to pay the oil giant hundreds of millions of dollars due to an arbitration ruling.
In response to the legal fight in Ecuador that led to a $9.5 billion judgment against Chevron—which bought Texaco—the fossil fuel company turned to the investor-state dispute settlement (ISDS) system, suing the South American country in the Hague-based Permanent Court of Arbitration. As part of the latter case, Ecuadorian Attorney General Diana Salazar Méndez's office announced Monday that the government would pay the US company only around $220 million, rather than the over $3 billion Chevron sought.
While Chevron said in a statement that it was "pleased with the resolution of this matter" and claimed the decision "strengthened the rule of law globally," and Salazar Méndez's office celebrated the dramatically lower figure, and the Union of Peoples Affected by Chevron-Texaco (UDAPT)—the group that began the case against oil company in 1993—pushed back against the government's framing of the reduction "as if it was a success and an economic achievement."
"The reality is it is a defeat for justice," UDAPT argued in a Tuesday statement. "For 32 years, UDAPT has documented pollution, environmental crime, and lives broken by Chevron, proving what should be obvious: Communities have not recovered, health has not been restored, clean water has not returned, and the territories that sustain life remain contaminated. A debt is not owed to Chevron. A debt is owed to the Amazonian families still waiting for truth, justice, and full reparation."
Amazon Watch deputy director Paul Paz y Miño similarly said Tuesday that "this illegitimate arbitration process is nothing more than Chevron abusing the law to escape accountability for one of the worst oil disasters in history."
"Ecuador's courts ruled correctly and based largely on Chevron's own evidence, that Chevron deliberately poisoned Indigenous and rural communities, leaving behind a mass cancer zone in the Amazon," the campaigner continued. "Adding insult to injury, the idea that Ecuador's people should now pay a US oil company that admitted to deliberate pollution is the epitome of environmental racism."
Ecuadorian President Daniel Noboa "must not honor this ISDS award, and the international community must stand behind the victims of Chevron's crimes and demand that the company clean up Ecuador once and for all," Paz y Miño added. "Amazon Watch stands with the affected Indigenous peoples and communities of the Ecuadorian Amazon. We urge President Noboa to reject this illegitimate award, disclose any negotiations with Chevron, and enforce Ecuadorian law by ensuring Chevron pays its debt to those it poisoned."
Donziger—who was detained in the United States for nearly 1,000 days after Chevron went after him in the American legal system for representing Big Oil's victims in Ecuador—was also sharply critical, saying Tuesday that "the decision by a so-called private corporate arbitration panel that claims to absolve Chevron of its massive pollution liability in Ecuador has no legitimacy and does not affect the historic $9.5 billion damages judgment won by Amazonian communities."
"That judgment still stands as the definitive public court ruling in the case," he said. "The private arbitral panel has no authority over the six public appellate courts, including the Supreme Courts of Ecuador and Canada, that issued unanimous decisions against Chevron and confirmed the extensive evidence that the company devastated local communities by deliberately dumping billions of gallons of cancer-causing oil waste into rivers and streams used by thousands of people for drinking, bathing, and fishing."
"I also strongly condemn President Daniel Noboa for his plans to betray his own people by agreeing to send $220 million from the public treasury to Chevron, a company that owes Ecuador billions under multiple court orders for poisoning vulnerable Indigenous peoples with toxic oil waste," Donziger added. "Noboa would effectively grant Chevron a taxpayer-funded bailout financed by the same citizens who remain victims of the company's pollution. This would be an outrageous dereliction of duty and a violation of his oath of office, warranting removal."