Former chairwoman of Citgo Petroleum on Venezuelan oil
Luisa Palacios, the former chairwoman of Citgo Petroleum, discussed what guarantees oil companies need before making big investments.
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Past Event
May 13, 2025
11:30 am - 12:30 pm edt
The relationship between the US and Canada, each of which is the other’s principal source of imported energy, has become increasingly fraught in recent months. Canada and the US have imposed tariffs on cars, metals, and other exports and imports on each other. At the end of April, Canadian voters elected Mark Carney Prime Minister and the Liberal Party into power, the result of a campaign built largely around opposition to Trump administration policies driving these actions. Carney has spoken publicly about reducing Canada’s reliance on US energy by building relationships with Europe, and, possibly, China.
The Center on Global Energy Policy at Columbia University SIPA hosted a rapid response briefing with Robert Johnston, CGEP senior director of research; Jon Elkind, CGEP senior research scholar; and Chris Bataille, CGEP global fellow. They discussed the implications of the Canadian election for the US-Canada energy relationship, the global energy transition, and how the Carney administration’s priorities may influence the increasingly fragmented geopolitical landscape emerging around the world.
The recent military operation to remove Venezuelan President Nicolás Maduro and First Lady Cilia Flores raises several implications for the future of Venezuela and Latin America, geopolitics, and energy markets. Cosponsored by SIPA’s Institute of Global Politics (IGP) and Center for Global Energy Policy (CGEP), along with Columbia’s Institute of Latin American Studies (ILAS), this webinar will analyze the circumstances and impact of their capture and extradition to New York to face narcoterrorism and drug trafficking charges.
The Columbia Global Energy Summit 2026 is an annual event dedicated to thought-provoking discussions around the critical energy and climate challenges facing the global community.
On October 22, the United States Department of the Treasury announced the imposition of sanctions on Russia’s two largest oil companies, Rosneft and Lukoil, as a penalty for what it characterized as a lack of Russian commitment to ending the war in Ukraine.
As the Israel-Iran conflict continues to unfold, it remains unclear whether a ceasefire will hold or fighting will resume. This uncertainty carries significant implications for energy markets in the Middle East and around the world.
The US intervention in Venezuela may jeopardize both the flow of discounted Venezuelan oil to China's teapot refineries and the role of Chinese oil companies in Venezuela’s upstream business.
In discussing the dramatic seizure of Venezuelan President Nicolás Maduro and his wife, Cilia Flores, over the weekend, President Donald Trump declared that the United States would now “take back” the country’s oil. Yet he has offered little clarity on what exactly this means.
Early on 3 January 2026, the United States launched a military operation to arrest President Nicolás Maduro and remove him from Venezuela.