"Just weeks before the American military operation in Venezuela to capture President Nicolás Maduro, the U.S. energy giant Halliburton filed an unusual lawsuit in international court claiming the Venezuelan government owed them damages for U.S. sanctions against the country. A separate case against Venezuela is also being pursued by another fossil fuel giant whose board includes an oil magnate whose family has delivered large financial contributions to Republicans and conservative causes."
"Such companies with pending claims could now be among the first in line to receive a massive windfall from a new Trump-installed Venezuelan government that is willing to funnel the South American country's cash to corporate plaintiffs. Shortly after the U.S. military operation on Jan. 3, Trump declared that the United States would "run" Venezuela, along with making investments in the country's oil and gas infrastructure and selling state-run oil assets. Venezuela is home to the largest oil reserves in the world, representing about 17 percent of the world's global supply, though much of the country's reserves remain untapped."
Halliburton filed an international lawsuit claiming Venezuela owed damages for U.S. sanctions just weeks before a U.S. military operation aimed at capturing President Nicolás Maduro. Another major fossil fuel company has a pending claim and a board member whose family made large donations to Republicans, including a Trump-focused political committee. Companies with pending investor claims could be prioritized for payouts by a potential Trump-installed Venezuelan government willing to funnel state cash to corporate plaintiffs. After the Jan. 3 operation, Trump said the United States would "run" Venezuela and pursue investments, sales of state oil assets, and development of vast untapped oil reserves.
Read at Truthout
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