US received $12bn from Venezuela exports
KPMG report details financial control following January intervention
AI-assisted coverage comparison, editor-supervised · How this was made
US received $12bn from Venezuela exports
Photograph: Joe.My.God. (embedded from source)
What this story says
- The US government received and disbursed more than $12 billion in revenue from Venezuela's natural resource exports in the first nine months of this year.
- This figure comes from a confidential report by the financial services firm KPMG, which was reviewed by The New York Times.
- US financial control over Venezuela began after US forces toppled the country's president in January.
- The Trump administration installed an interim government and opened Venezuela's oil industry to American investment.
The United States government received and disbursed over $12 billion in revenue from Venezuela's natural resource exports during the first nine months of this year. This information is based on a confidential report prepared by the global financial services firm KPMG, which The New York Times reviewed. The report offers a detailed account of the financial control the US has exerted over Venezuela since US forces removed the country's president in January. The Trump administration established a provisional government and directed it to open Venezuela's oil sector to investment from American companies.
Coverage
What the coverage left out
No centre- or right-rated outlet reported on this story. The unrated outlet Finanzas Digital provided a digest that corroborated the $12 billion figure and the timeframe of nine months, but did not include details about the KPMG report's confidential nature or its review by The New York Times. It also omitted information regarding the political context of the US intervention in January and the subsequent installation of an interim government.
How each side covered it
Our own reading of the reporting listed below, written from the outlets’ articles rather than quoted from them. The reasoning is set out on our methodology page.
Left
- The left-rated report from Joe.My.God., which published the full text of a New York Times article, led with the total revenue figure of more than $12 billion received by the US government from Venezuela's natural resource exports in the first nine months of the year. It stated this figure came from a confidential KPMG report reviewed by The New York Times. The report also detailed that US financial control over Venezuela began after US forces toppled the country's president in January, leading the Trump administration to install an interim government and open the oil industry to American investment. The article noted the report was written shortly before the midterm elections and mentioned Democratic lawmakers' vows for more transparency and accountability regarding US policy toward Venezuela, anticipating increased oversight power in January.
Centre
We hold no leaning breakdown for this story, so there is nothing to report about the centre.
Right
We hold no leaning breakdown for this story, so there is nothing to report about the right.
Questions about this coverage
- Is the coverage of US received $12bn from Venezuela exports biased?
- US received $12bn from Venezuela exports is one event reported by several outlets, and this page does not rate the story as biased or unbiased. What it publishes is the spread: which outlets ran it, where named rating organisations place each of them on the spectrum, and what each side chose to lead with. A leaning rating describes an outlet's record over time, not this article, and the two should not be run together.
- How much revenue did the US government receive from Venezuela's exports?
- The US government received and disbursed more than $12 billion in revenue from Venezuela's natural resource exports in the first nine months of this year. This figure is according to a confidential report by KPMG, which was reviewed by The New York Times.
- When did US financial control over Venezuela begin?
- US financial control over Venezuela began after US forces toppled the country's president in January. The Trump administration then installed an interim government and opened Venezuela's oil industry to American investment.
- Which outlets reported on this story?
- The story was reported by Joe.My.God., which published a full report from The New York Times, and Finanzas Digital, which provided a digest. No centre- or right-rated outlets covered this story.
Read it at the source
2 outlets, grouped by the leaning a published rating gives them. Every headline links to the original; an underlined outlet name opens our profile of that publisher.
Left
1Centre
0No outlet in this group ran the story.
Right
0No outlet in this group ran the story.
Not rated
1How did this read?
About the coverage, not about the story. We do not ask whether you agree with what happened — we have no honest use for that answer.
