From steel to semiconductors, the U.S. is buying stakes in industry

From Quartz.

The Trump administration is signaling interest in government ownership stakes, a move with implications for energy policy and corporate governance. Officials are considering U.S. stakes in Venezuela’s oil sector and PDVSA, tying the push for government ownership stakes to post-Maduro scenarios. Energy Secretary Chris Wright outlined the approach, while Sen. Thom Tillis and other Republicans warned it conflicts with free‑market principles. ExxonMobil’s Darren Woods called Venezuela “uninvestable” without major reforms, and API chief Mike Sommers opposed a federal backstop. An executive order shielded Venezuelan oil revenue in U.S. accounts. NYU’s Carolyn Kisseau described the strategy as “weaponized” energy statecraft, reflecting ongoing debate.


Subscribe to the Quartz Daily Brief newsletter, the most interesting news from the global economy: https://quartz.short.gy/newsletters-yt

Become a Quartz member to get unlimited access to our journalism: https://quartz.short.gy/newsletters-yt

Quartz is a guide to the new economy for people in business who are excited by change. We cover business, economics, markets, finance, technology, science, design, and fashion. Visit us at https://qz.com/ to read more, and follow us on X at https://x.com/qz.