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The Guardian - UK
The Guardian - UK
Environment
Jonathan Watts in Brazil

US attack on Venezuela will decide direction of South America’s vast mineral wealth

Two oil pumpjacks stand inactive
Oil pumpjacks in Lagunillas. Fixing Venezuela’s oil industry infrastructure would take many years and cost tens of billions of dollars. Photograph: Isaac Urrutia/Reuters

The US’s first overt attack on an Amazon nation last weekend is a new phase in its extractivist rivalry with China. The outcome will decide whether the vast mineral wealth of South America is directed towards a 21st-century energy transition or a buildup of military power to defend 20th-century fossil fuel interests.

Although this onslaught was ostensibly aimed at one corrupt dictatorship in a miserably dysfunctional country, the ramifications are far wider.

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