Mexico proudly controls its energy but could find it hard to reach its climate goals
Time:2024-05-21 11:50:41 Source:worldViews(143)
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.
Previous:Amir Khan's £11.5m luxury wedding venue finally hosts its first marriage: Bride arrives on horse
Next:Russian theater director and playwright go on trial over a play authorities say justifies terrorism
You may also like
- College baseball notebook: Conference tournaments to decide NCAA automatic bids and many at
- Majority of young New Zealanders want to 'live in a smoke free nation'
- Israel approves plan to attack Rafah but keeps truce hopes alive
- Jehovah's Witness Church takes case over Abuse in Care ruling to Court of Appeal
- Here comes the char
- Report recommends councillors don't support plan for second Auckland harbour crossing
- 'And so it begins': Inside Parliament during the uneasy transition of government
- Fashion designer Kate Sylvester to close the business after three decades
- Jon Wysocki dead at 53: Staind drummer passes away