Mexico proudly controls its energy but could find it hard to reach its climate goals
MEXICO CITY (AP) — Mexico’s taking control of its oil sector from U.S. and British companies is taught in schools and celebrated every year. The 1938 nationalization is a point of pride for millions of Mexicans including President Andrés Manuel López Obrador.
The popular president hails from the Mexican oil industry’s heartland, and 16 years ago he led a fight against energy reforms that were aimed at drawing private investment to the massive state-run oil company, Pemex. This year, the front-runner in the race to replace López Obrador chose the anniversary of Mexico’s oil expropriation to announce her energy proposals, which include maintaining large-scale petroleum production by Pemex.
Front-runner Claudia Sheinbaum also wants to make sure that the government-run Federal Electricity Commission, CFE, generates the majority of the power Mexico supplies to homes and businesses. Like the other two candidates to replace López Obrador, she only wants limited private energy involvement, but continuing to favor state-owned companies will make it harder for Mexico to meet its climate change commitments, experts say.
Related articles
In Paris, students inspired by pro
PARIS (AP) — Dozens of students gathered near the Sorbonne university in Paris on Monday to protest2024-04-30Chinese mainland resumes import of rockfish from Taiwan
The General Administration of Customs announced the resumption of the import of rockfish from Taiwan2024-04-30Enterprises in Guangxi ride RCEP momentum to expand ASEAN market
NANNING, April 7 (Xinhua) -- With spring now sprung, the tea harvest is in full swing in Guangxi Zhu2024-04-30Full Text of Xi's Signed Article on S. African Media
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-04-30- Children play at a camp in the southern Gaza Strip city of Khan Younis, April 5, 2024. [Photo/Xinhua2024-04-30
Company Law draft revision to bolster confidence
A draft revision to the Company Law has been put before Chinese lawmakers for a fourth reading on Mo2024-04-30
atest comment