Tag Archives: AMLO

Mexico unmoved by this trendy clean energy thing

We read in Morning Brew today that the International Energy Agency (IEA) is projecting that renewables will surpass coal as the primary source of energy generation by 2025.  The Brew item actually says solar but the original Reuters story it links to says renewable sources.  Either way, the growing importance of solar and other renewable energy sources combined with the tenuous outlook for fossil fuels continues to cast a dark shadow over President Andrés Manuel López Obrador’s campaign to prop up Mexico’s insolvent state oil company, Petróleos Mexicanos (Pemex).   The entire world is innovating and expanding generation capacity in clean, renewable energy, and the Mexican government is out here trying to get people to use more diesel.  Absolute face palm. Continue reading Mexico unmoved by this trendy clean energy thing

COVID blows AMLO legacy for lovers and haters alike

The COVID-19 pandemic has caused economic devastation and loss of life around the world, and we are now coming to the conclusion that the disease will rob us of one more thing some of us very much looked forward to seeing: The historical verdict on an AMLO government.  All our lives (or at least, in our case, since the López Portillo administration), we have parroted the same truisms about Mexican society: that all politicians are corrupt, the unions are corrupt, Pemex is corrupt, the police are corrupt, and generally that él que no transa no avanza — he who doesn’t engage in corruption doesn’t get ahead.  Continue reading COVID blows AMLO legacy for lovers and haters alike

A little investment, a lot of COVID-19

Reported investment into Mexico has dropped way off during the COVID-19 era, but there was a glimmer over the past month.  Following the update on the pandemic situation in Mexico we provide some examples of economic activity:

COVID-19

The spread of COVID-19 remains strong in Mexico however it has stabilized in some parts of the country.  Mexico currently is ranked 11th in the world among countries with the highest number of accumulated confirmed cases.  Local health officials’ methodology for allowing increased economic activity includes factors such as the rate of increase in the number of cases and the level of occupation of hospital beds.  On this basis, in the past week 18 states have advanced from red, the highest level of alert and restriction, to orange, the second highest.  Fourteen states remain at red, or maximum restriction of economic activities.  States at the orange level, including the capital city, may reopen retail businesses and restaurants at a limited level of capacity in stages during the first two weeks of July.  Offices for most businesses remain closed. Continue reading A little investment, a lot of COVID-19