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
- Police have issued a renewed appeal 30 years after an innocent woman was murdered on her doorstep in2024-05-01
3D printing expo displays high
Logo of the 2023 TCT Asia exhibition for 3D printing and addictive manufacturing intelligence is see2024-05-01U.S. ports remain confident in China
Amid mounting scrutiny and an executive order over "national security" concerns surrounding Chinese-2024-05-01China launches new remote sensing satellite
China successfully sends a new remote sensing satellite into space from the Jiuquan Satellite Launch2024-05-01Billie Eilish announces 'Hit Me Hard and Soft' arena world tour
NEW YORK (AP) — Billie Eilish is hitting the road.The pop performer will embark on a worldwide arena2024-05-01China to build up airport hubs in Beijing, Shanghai, Guangzhou
China's Civil Aviation Administration of China (CAAC) has vowed to strengthen international connecti2024-05-01
atest comment