pemex
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Credit: Alexander Schimmeck/Unsplash
Mexico elects climate scientist Claudia Sheinbaum as president. How will she lead?
Mexico’s new president, Claudia Sheinbaum, is a left-of-center climate scientist with a doctorate in energy engineering and a background in politics.
In short:
- Claudia Sheinbaum, former mayor of Mexico City, is known for her environmental initiatives, such as electrifying public transport and installing solar arrays.
- Despite her commitment to renewable energy, Sheinbaum supports maintaining oil production and state control of Pemex, Mexico’s indebted national oil company.
- She faces significant challenges, including balancing environmental goals with economic demands and addressing issues of poverty, migration, and crime.
Key quote:
"Claudia is an environmental scientist and unlike her mentor, AMLO, believes in decarbonization and in boosting renewables."
— Shannon O’Neil, Mexico specialist at the Council on Foreign Relations
Why this matters:
Mexico's election of a climate scientist as president highlights a potential shift toward more sustainable energy policies.
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Newsletter
Photo by Alexander Schimmeck on Unsplash
How Mexico muddies the waters on fighting climate change
Mexico has labeled hundreds of millions of dollars in spending on fossil fuel infrastructure at state energy company Pemex and state electricity utility CFE as expenditure to address climate change and promote energy transition over the past decade, documents show.
The Biden administration will challenge Mexico’s state control of its energy industry
The move stems from concerns that Mexico is violating the United States-Mexico-Canada Agreement, which seeks to level the playing field for industries across the continent.
In quest for energy independence, Mexico is buying a Texas oil refinery
President López Obrador wants to halt most oil exports and imports of gasoline and other fuels. Critics say he is reneging on Mexico’s climate change commitments.
Lisa Viscidi, MK Vereen: Here’s how Mexico can clean up its dirty energy industry
López Obrador’s energy “counterreform” hurts his country’s environmental record.
U.S., U.K. lead pledge to end overseas oil and gas financing, but with big caveats
The pledge is limited to ending financing of "unabated" oil and gas projects, and would allow those that include carbon capture and sequestration technology.
www.bloomberg.com
Even fire at sea can’t touch Pemex bonds as Mexico bestows grant
Petroleos Mexicanos bondholders are reaping the benefits of the government’s support for the state oil company -- even after it accidentally set the sea on fire.
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