Mexico Set to Reshape Power Sector to Favor the State - The New York Times - 0 views
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MEXICO CITY — President Andrés Manuel López Obrador has never been short of criticisms about his predecessor’s legacy. But he has reserved a special contempt for the sweeping overhaul that opened Mexico’s tightly held energy industry to the private sector.
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The measure, which was recently approved by Mexico’s Congress with the forceful support of Mr. López Obrador, would also limit the participation of private investors in the energy sector. Both effects are central to his long-held aim of restoring energy self-sufficiency and safeguarding Mexican sovereignty.
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Opponents of the legislation say that it would not only fail to resuscitate the energy sector or help achieve energy independence but that it would also violate Mexico’s international commitments to reducing carbon emissions, run afoul of trade agreements and further chill foreign investment in Mexico just as the nation is struggling to regain economic momentum amid the pandemic.
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