Mexico Sees Its Energy Future in Fossil Fuels, Not Renewables

Image Source: The New York Times

Mexico Sees Its Energy Future in Fossil Fuels, Not Renewables

Mexico Sees Its Energy Future in Fossil Fuels, Not Renewables

Source: https://www.nytimes.com/2022/08/17/world/americas/mexico-president-renewable-energy.html

Author: Leer en español

At a moment when scientists are sounding alarms about the need to move away from fossil fuels that contribute to catastrophic climate change, Russia’s invasion of Ukraine has sparked a global shift in the opposite direction, with the United States and European countries moving to increase oil and gas production to counter bans on Russian energy. But Mexico is going even further. Driven by Mr. López Obrador’s long-held goal to wrest control of the energy sector from private companies and allow state firms to dominate the market, the government is undermining efforts to expand renewable power and staking the nation’s future on fossil fuels. To this end, Mexican authorities are using the might of their regulatory agencies to keep renewable firms out of the market, blocking their power plants from operating, and instead propping up fossil fuel-powered plants owned or run by the state, according to interviews with more than a dozen former government officials, analysts and energy executives.