GM: Without Clean Energy, Mexico Isn’t a Viable Investment Destination

Photo: General Motors de México


Unless the Mexican government commits to clean, renewable energy sources, the country will cease to be an investment option for General Motors (GM) and other transnational corporations, GM president and CEO in Mexico Francisco Garza said Saturday, Nov. 20.

Speaking during the annual Mexican Institute of Finance Executives (IMEF) national convention, Garza said that a legal framework that focused on clean energies must be committed to by the government, or else the country could stop attracting investment.

“Unfortunately if these conditions do not exist, Mexico will no longer be a destination for investment, because the conditions will not be stipulated for us to meet our goal of zero long-term emissions,” he said.

Garza said that GM will continue with its objective of protecting the environment, since all the company’s investments are designed for the medium term.

“I believe that it is not only the decision of General Motors, but of many transnational companies,” he said.

“We have a long-term vision of seeing a world with zero emissions and zero collisions.”

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