The largest oil reserves of any country on the planet, more than 300 billion...

CNN Climate 3 months ago

The largest oil reserves of any country on the planet, more than 300 billion barrels, are estimated to lie beneath the ground in Venezuela. President Donald Trump is now laying claim to these vast deposits after his capture of the country's president Nicolás Maduro. Venezuelan oil is a tantalizing prospect for Trump, who reveres fossil fuels and has already set out a vision of US oil companies investing billions to unleash this black gold. However, climate experts are sounding the alarm because this oil is among the dirtiest in the world. "Venezuela's oil is considered 'dirty' not because of ideology, but because of physics and infrastructure," said Guy Prince, head of energy supply research at independent think tank Carbon Tracker. The type of oil that dominates in Venezuela — mostly found in the Orinoco Belt, an expanse of land stretching across the eastern part of the country — is called heavy sour crude and is similar to Canada's oil sands. It's thick and viscous like molasses and has a higher concentration of planet-heating carbon than lighter oils. Its consistency means heavy oil is generally harder and more energy-intensive to extract. Read more at the link in our bio. 📷: Jesus Vargas/Getty Images

layersDaily Sustainability Digest

Published about 1 hour ago



Sustainable construction is becoming a test of bankability, with asset owners backing projects that improve whole life carbon performance and meet a credible life cycle cost threshold. Aldi’s plan to install solar panels on half its UK stores by the end of 2026 shows that decarbonising the built environment is being driven by portfolio retrofit, energy-efficient buildings and low carbon design rather than headline-led new build. Sustainable building design, sustainable design and eco-design for buildings are being judged with far greater rigour through whole life carbon assessment, lifecycle assessment and building lifecycle performance, with stronger focus on embodied carbon, embodied carbon in materials and the carbon footprint of construction as the market pursues net zero carbon buildings and net zero whole life carbon.

EV charging is strengthening the business case for green infrastructure, with viable sites attracting sharply higher rents and turning car parks, grey land and brownfield plots into infrastructure for sustainable urban development. The planned wind-down of SDCL Efficiency shows that environmental sustainability in construction still has to satisfy conventional capital markets. Green construction, eco-friendly construction, low carbon building and carbon neutral construction are now expected to deliver measurable returns, not only sustainability claims.

Standards on site are tightening. The Considerate Constructors’ Scheme has revised its checklist and scoring model, raising expectations for sustainable building practices, resource efficiency in construction and low-impact construction. Recycleye’s latest AI sorting system supports the circular economy and circular economy in construction by improving recovery of green building materials, low carbon construction materials, low embodied carbon materials and renewable building materials. This strengthens life cycle thinking in construction, sustainable material specification, end-of-life reuse in construction and circular construction strategies, with growing value placed on environmental product declarations (EPDs), green building products and evidence frameworks associated with BREEAM and BREEAM v7.

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