Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Mexico proudly controls its energy but could find it hard to reach its climate goals !

Mexico proudly controls its energy but could find it hard to reach its climate goals

Time:2024-05-21 18:42:34 source:Stellar Spotlight news portal

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 information
  • California congressman urges closer consultation with tribes on offshore wind
  • US Treasury Secretary explains her 'magic mushroom' experience in China
  • 'Devil in the details' when considering biofuels
  • Four killed, several injured as race car hits spectators at Hungary rally
  • The unstoppable duo of Emma Stone and Yorgos Lanthimos
  • How to make sure your leftovers are safe to eat
  • Buildings shake briefly as earthquake rattles Taiwan
  • UN suspends aid movements at night in Gaza
Recommended content
  • A warrant for Netanyahu’s arrest was requested. But no decision was made about whether to issue it
  • Yang Hengjun: Australian writer detained in China fears he will die in jail
  • 'Devil in the details' when considering biofuels
  • Titanic 'door' prop that kept Rose alive sells for more than $1m
  • Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
  • Hong Kong arts charity cancels deaf dance group performance