A group of 13 House Democrats told oil companies to hold off on investing in Venezuela last week, warning that any moves could be rendered invalid after President Donald Trump leaves office.
In letters to 21 oil and oil-field services companies, the Democrats — led by Rep. Sean Casten (D-Ill.) — laid out the legal case against the Trump administration’s recent military actions in Venezuela, arguing that any investment would be built on shaky legal grounds.
It is the latest attempt by Democrats, who are in the minority in Washington, to push back on the Trump administration’s military operation in Venezuela and subsequent control of the Latin American country’s oil sector.
“Any actions you may be taking with the Trump White House as relates to Venezuelan oil may expose you and your shareholders to significant long-term legal and financial risk,” the lawmakers wrote.
