EXCLUSIVE: The United States, the European Union, Canada and six European nations meet to discuss concern over Mexico energy policy
MEXICO CITY - The United States, the European Union, Canada and six European nations have held joint talks on concerns over Mexico’s energy policy, sources told Reuters, as President Andres Manuel Lopez Obrador pushes for a bigger role for the state in the sector.
U.S., Canadian and European officials privately voice concern that Mexico’s energy policy is eroding the legal foundations of contracts worth billions of dollars with the previous administration, in what they fear is a creeping squeeze-out of their interests. Asked for comment, the U.S. embassy responded to Reuters that it did not discuss its diplomatic conversations. The other foreign embassies did not reply to requests for comment, nor did Lopez Obrador’s office.
Lopez Obrador has committed himself to strengthening the state’s role in the energy sector, arguing that past market liberalization and privatization of other industries deepened chronic inequality in Mexico and encouraged corruption. Lopez Obrador has put the brakes on that liberalization process, saying it has not yielded benefits for Mexico.
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