Venezuela has the world's largest reserves of crude oil, but government subsidies for domestic fuel consumption have contributed to an economic crisis (image: Sociedad Venezolano Ingenieros de Petróleo)
Venezuela, the country with the world’s largest proven reserves of crude oil, is not only the first Latin American gasoline consumer, but also Latin America’s biggest carbon dioxide emitter per person. Public spending policies, which have been supported by loans from China, have come under scrutiny in international for contradicting environmental norms.
Over the past few years, the Venezuelan government has promoted mining and hydrocarbons projects and imported vehicles that increase pollution.
