Tag Archives: Mexico energy policy

COP26 and the calvary of Marcelo Ebrard

Back in 2003 or so, we attended a meeting of local business executives here in Mexico City and listened while they ranted and wrung their hands over the prospect of Andrés Manuel López Obrador (AMLO) someday becoming president. In our turn to speak we downplayed the alarm level, suggesting that if AMLO were ever to reach the presidency he would turn out to be more pragmatic in pursuing his agenda at the national level. Our opinion was rejected, to say the least, by the meeting attendees. Well, fast forward 18 years or so, and it turns out we were so wrong about AMLO we really ought to be fined and imprisoned for how wrong we were. Since the day he was elected, AMLO burst forth unleashed with the ether bottle in one hand and a scepter in the other, waging unconditional campaigns against the private sector, foreign imperialists, NGOs, science, academia, wind farms, women and a long list of other personal bogeythings. The range of active fronts in his war on sense is vast, and today we would like to offer some comments on the upcoming COP26 climate change conference and how it provides an example of Mexico’s free fall in the opposite direction of sound public policy. Continue reading COP26 and the calvary of Marcelo Ebrard

Retrograde electricity reform upsetting the neighbors

We have commented before in this space about President López Obrador’s relentless campaign to dismantle the previous administration’s energy sector reform that cleared the way for participation by private companies.  For us, the historic reform was akin to throwing open the door to an attic that had been locked for years with a dead body inside (Pemex, in this case) to finally let in fresh air.  Most of the ham-fisted maneuvers by the president and his enablers in the Mexican Congress have been at least temporarily blocked by legal challenges, including at the Supreme Court level.  Undeterred, Mr. López Obrador (AMLO) launched his latest and most ambitious salvo this past week, ramming through the Chamber of Deputies via fast-track a reform of the current electricity law granting advantages to the state-owned former monopoly Federal Electricity Commission (CFE) at the expense of privately financed electricity generation plants. Continue reading Retrograde electricity reform upsetting the neighbors