It was reported 297 billion barrels of oil in Venezuelan reserves, which (assuming this statistic is valid) would place Venezuela above Saudi Arabia as the country with the largest national oil reserves.
the plan for reaching a global standard for treatment of the environment should be based on the model presented by for global development. It establishes a multifaceted range of criteria—combining governance, poverty reduction, access to resources, human rights, and education —that when working in concert, can lead to a country’s development. Yet every country must develop in such a way that makes sense given its own political, social, economic, and environmental context. Similarly, the international community must set global criteria for decreased environmental impact. Each country, depending on its circumstances and context, can contribute to these criteria in different capacities. Reducing global carbon emission and promoting innovation, for example, should be a project primarily for the most industrialized countries, where per-capita emissions are the highest and where governmental resources for technological development are highest.
The solutions proposed may have difficulty getting around the fundamental challenge of tackling the climate crisis, or the fundamental difference between the path toward development and the path toward environmental friendliness. There are few tangible or immediate gains from green policy. This is an especially powerful deterrent in impoverished regions. Yet as a global community, if not region by region, we can have the foresight to tackle the climate crisis before it becomes immediately necessary to do so.