The surprising turn of the helm by the Mexican president Andrés Manuel López Obrador in the nomination process for the next president of Bank of Mexico (Banxico) has cast doubt on the bank’s rate-tightening cycle as it struggles to keep high inflation under control. López Obrador, a leftist politician who has already placed three of […]
Tag: AMLO
AMLO puts at risk US $ 22,000 million in energy contracts
The electricity reform proposed by Mexican President Andrés Manuel López Obrador could present difficulties for the more than US $ 22,000 million in solar, wind and other renewable energy facilities owned by major foreign companies such as Iberdrola SA and Sempra Energy. The bill proposed to lawmakers last month would cancel some electricity generation permits […]
HRW calls Mexico’s response to the Nicaraguan crisis “shameful”
Human Rights Watch (HRW) He described this Friday as “shameful and disappointing” the response of the Mexican president, Andrés Manuel López Obrador, to the crisis of Nicaragua, that this Sunday has an election in which the president Daniel Ortega seeks another reelection. “President López Obrador’s response to the brutal repression against opponents and critics orchestrated […]
López Obrador rejects a US report that warns of the impact on the environment of its electricity reform
President Mexican, Andrés Manuel Lopez Obrador, rejected the findings of a report by the US Department of Energy USA that warns of an increase of up to 65% in the country’s emissions if the Government’s electricity reform is approved. “With all due respect, they have no information about what is being done in Mexico,” said […]
Current environment for mining in Mexico is not favorable, affirms director of Mexicana Fresnillo
Updated 10/20/2021 05:55 pm Mining in Mexico currently has an “unfavorable” environment due to recent government policies, said the executive director of the Mexican precious metals miner Fresnillo, Octavio Alvídrez. The Government of the Mexican President, Andrés Manuel López Obrador, it has been criticized by the mining industry for its policy of not granting new […]
Mining companies denounce that Mexico’s electricity reform puts them at risk
The Mining Chamber of Mexico (Camimex) denounced that the electricity reform promoted by the president Andrés Manuel López Obrador “Puts at risk” your operations and creates uncertainty for investment. Camimex questioned in a position that the reform, which will be discussed in Congress, contemplates that minerals considered essential for the energy transition be reserved for […]
López Obrador warns that he will resign if he loses revocation consultation
The president of Mexico, Andrés Manuel López ObradorHe warned this Friday that he will resign from his position if Mexicans vote next year in a referendum in favor of revoking it, regardless of whether the minimum 40% participation is reached for the consultation to be binding. “If people say that ‘we don’t want the president […]
The clashes between businessmen and the Mexican government over the electricity reform
The clashes between the business community and the Mexican government over the controversial electricity reform, which aims to limit private participation in the sector, have worsened this week. While the president Andrés Manuel López Obrador has denounced “a vile looting”, the Business Coordinating Council (CCE) has accused the Secretary of Energy, Rocío Nahle, of “lying” […]