Mexico proudly controls its energy but could find it hard to reach its climate goals
Time:2024-05-21 18:09:34 Source:opinionsViews(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:Justin Timberlake set to bring his The Forget Tomorrow World Tour to Australia in 2025
Next:Yu Darvish extends scoreless innings streak to 25 in Padres' 9
You may also like
- Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car
- Imanaga stellar again, Cubs hang on to edge Mets 1
- Sting and Stephen Fry threaten to resign from the Garrick Club unless women are allowed to join
- Longtime Missouri basketball coach Norm Stewart entered into the Hall of Famous Missourians
- Mystery artist who erected signs comparing pothole
- The Timberwolves' Mike Conley wins the NBA Teammate of the Year award for a 2nd time
- Pakistan recalls Hasan Ali for tour to Ireland and England, delays announcing T20 World Cup squad
- Judge denies bail to teen charged with terror
- Nuggets blow 20