LatinNews Daily - 27 May 2026

*Carlos Slim, Mexico’s richest man, has announced that his Grupo Carso conglomerate will invest around US$5bn in the country this year. Slim announced the investment during a press conference but did not give details about the planned projects. He said that the conglomerate would not be participating in any potential fracking projects, saying “we are already saturated”. This comes as President Claudia Sheinbaum has opened the door to fracking as a way to reduce Mexico’s reliance on natural gas imports, despite previously being a staunch critic of the practice. Slim also seemed to rule out any new partnerships with the state-run oil company, Petróleos Mexicanos (Pemex), for the time being, following a spate of investments by Grupo Carso in the country’s energy sector in the past few years.