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 14:00:53 source:Cultural Compass 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
  • Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
  • Country's tourism market off to a robust start in 2024
  • Xi Jinping's Selected Works Published in 7 Ethnic Minority Languages
  • Beijing warming up for Winter Games
  • OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
  • Chinese swimmer Wang wins men's 200m IM at Tokyo Olympics
  • Visa waiver to boost tourism in Malaysia
  • China Honors Promise to Ensure Smooth Running of Chengdu Universiade: Xi
Recommended content
  • Iran helicopter crash that killed President Raisi could reverberate across the Middle East
  • Chinese embassies, consulates to offer temporary visa discounts
  • Harry Kane ends England's long wait for a final appearance to end Schmeichel's heroics
  • Nine trucks arrive in Russia on trial run of new highway connecting China, Mongolia and Russia
  • Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
  • Xi Jinping and the Revival of Baiyangdian Lake