{"id":395590,"date":"2019-02-08T19:38:12","date_gmt":"2019-02-08T18:38:12","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/corporate-canada-behind-slow-motion-coup-attempt-in-venezuela\/"},"modified":"2019-02-08T19:38:12","modified_gmt":"2019-02-08T18:38:12","slug":"corporate-canada-behind-slow-motion-coup-attempt-in-venezuela","status":"publish","type":"post","link":"https:\/\/rinf.com\/alt-news\/newswire\/corporate-canada-behind-slow-motion-coup-attempt-in-venezuela\/","title":{"rendered":"Corporate Canada Behind Slow Motion Coup Attempt in Venezuela"},"content":{"rendered":"
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It\u2019s convenient but incorrect to simply blame the USA for Ottawa\u2019s nefarious role<\/a>\u00a0in the slow motion attempted coup currently underway in Venezuela.<\/p>\n

Critics of the Liberal government\u2019s push for regime change in Venezuela generally focus on their deference to Washington. But, Ottawa\u2019s hostility<\/a>\u00a0to Caracas is also motivated by important segments of corporate Canada, which have long been at odds with its Bolivarian government<\/p>\n

In a bid for a greater share of oil revenue, Venezuela forced private oil companies to become minority partners with the state oil company in 2007. This prompted Calgary-based PetroCanada to sell<\/a>\u00a0its portion of an oil project and for Canadian officials to privately complain about feeling \u201cburned<\/a>\u201d by the Venezuelan government.<\/p>\n

Venezuela has the largest recognized oil reserves in the world. The country also has enormous gold deposits.<\/p>\n

A number of Canadian companies clashed with Hugo Chavez\u2019 government over its bid to gain greater control over gold extraction. Crystallex, Vanessa Ventures<\/a>, Gold Reserve Inc<\/a>. and Rusoro Mining all had prolonged legal battles with the Venezuelan government. In 2016 Rusoro Mining won a $1 billion<\/a>\u00a0claim under the Canada-Venezuela investment treaty. That same year Crystallex was awarded $1.2 billion<\/a>\u00a0under the Canada-Venezuela investment treaty. Both companies continue to pursue payments and have pursued<\/a>\u00a0the money from Citgo, the Venezuelan government owned gasoline retailer in the US.<\/p>\n

In 2011 the…<\/em><\/p>\n<\/div>\n

Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s convenient but incorrect to simply blame the USA for Ottawa\u2019s nefarious role\u00a0in the slow motion attempted coup currently underway in Venezuela. Critics of the Liberal government\u2019s push for regime change in Venezuela generally focus on their deference to Washington. But, Ottawa\u2019s hostility\u00a0to Caracas is also motivated by important segments of corporate Canada, which have […]<\/p>\n","protected":false},"author":2525,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-395590","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/395590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/2525"}],"replies":[{"embeddable":true,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=395590"}],"version-history":[{"count":0,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/395590\/revisions"}],"wp:attachment":[{"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=395590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=395590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=395590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}