Oil giant tells Trump it’s ‘too expensive’ to reinvest in Venezuela despite president’s urging

The CEO of a major oil company has said that it is “too expensive and too polluting” to return operations to Venezuela, despite the urging of Donald Trump.

TotalEnergies boss Patrick Pouyanne said the company had pulled out of the South American country “because it clashed with our strategy. It was too expensive and too polluting and that is still the case.”