Venezuela Defends Hydrocarbon Expansion at COP31, Cites Sovereign Right

At COP31, acting president Delcy Rodríguez asserted Venezuela's sovereign right to boost hydrocarbon production while acknowledging the need to cut emissions. This signals a continued policy of prioritizing oil output over climate commitments, potentially complicating international climate negotiations. The statement is a diplomatic position, not a policy change, and its impact on global energy markets is limited.

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