LatinNews Daily - 26 April 2021

In brief: Mexico’s private sector slams new energy policy

* Mexico's Consejo Coordinador Empresarial (CCE), a business lobby, has expressed “great worry” with the government’s new energy policy, which it is pushing forward in spite of strong concerns in the private sector. Both a reform to the hydrocarbons law, approved by congress last week, and an electricity reform passed last month “could cause economic, social and ecological damage to the country” the CCE warns. Noting that investment in the energy sector fell by 75% between 2018 (the year President Andrés Manuel López Obrador took office) and 2020, meaning that the opportunity to create 200,000 jobs was lost, the CCE warns that the government’s latest reforms will continue to inhibit investment and will have a negative impact on Mexicans for generations to come.

End of preview - This article contains approximately 126 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.