In the wake of Venezuelan President Nicolás Maduro’s stunning capture by US forces, Scotiabank CEO Scott Thompson said the “Trump doctrine” — US domination of the Western Hemisphere — will benefit the bank he runs.
The dramatic takeover of Venezuela and its oil industry is sparking more talk of pipelines and a fossil fuel bonanza in Canada. But climate experts, economists and others say don’t bet on it.
The geopolitical drama doesn’t change climate realities, energy forecasts showing oil’s decline or Indigenous legal rights that could block new projects, these observers note.
