Mexico’s President Andrés Manuel López Obrador has done everything possible this year to assure investors that the aging state oil company will not only survive, but also prosper. This week, it announced a US $ 3.5 billion capital injection into Petróleos Mexicanos and plans to create a new five-year business plan and a series of […]
Tag: Andrés Manuel López Obrador
Mexico: López Obrador denies that his secretary committed a crime with irregular money
The president of Mexico, Andrés Manuel López Obrador, affirmed that the leaked images of his private secretary, Alejandro Esquer, depositing money in a bank correspond to a donation for earthquake victims and assured that the authorities decided that it was not a crime. “The court at the time ruled that there was no crime, but […]
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 […]