Page 11 - கூட்டாட்சியின் மின்சாரம் தரகு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Mexico’s Electricity Bill Rolls Back Energy Reforms and Threatens Relations with Trading Partners By Inu Manak and Alfredo Carrillo Obregon SHARE In a bid to leave his mark on Mexico’s energy sector, Mexican President Andres Manuel López Obrador (AMLO) is rolling back reforms by his predecessor Enrique Peña Nieto that were designed to increase competition in the energy market. For years, Mexico’s energy market was in decline due to a lack of foreign investment and competitive pricing, governance challenges, capital constraints, and a drop in crude oil production. Peña Nieto sought to reverse this trend with ambitious reforms that required amending Mexico’s Constitution to allow for much needed foreign direct investment (FDI). But in his populist push, AMLO has railed against this market opening, and sought to increase the role of state intervention in Mexico’s energy markets.

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