Article

Venezuela's oil and gas industry is the leading global emitter of methane, with 29% of its production escaping into the atmosphere, far exceeding the U.S. rate of 2%. The country's deteriorating infrastructure, marked by broken pipes and pumps, poses significant challenges for repairs and investments, rendering it 'uninvestible' according to ExxonMobil's CEO. This situation complicates both the economic revival of Venezuela's oil sector and the associated environmental concerns.