Mexico proudly controls its energy but could find it hard to reach its climate goals
Time:2024-05-22 00:15:49 Source:entertainmentViews(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:Defending champion South Carolina to open season in Las Vegas against Michigan
Next:Online reading or offline clubs? Young Chinese embrace both in digital era
You may also like
- Six killed in a 'foiled coup' in Congo, the army says
- Will Keir bow to unions on zero hours contracts and out
- Mexican citizens were traveling to work at a Florida farm when a pickup hit their bus, killing 8
- China, other countries to spur trade
- Joe Rogan's 'brain
- Morocco’s automotive industry shifts gears to prep for electric vehicle era
- Newgarden focused only on defending Indy 500 win. Has moved past Penske cheating scandal
- Canada blows 5
- Jessica Biel CHOPS her long locks into a bob after book signing in Studio City