Tag Archives: American Chamber of Commerce

Mexico Limits Fuel Imports to State-Run Agencies

By THE PULSE NEWS MEXICO STAFF The leftist government of Mexican President Andrés Manuel López Obrador (AMLO) announced this week that it will now restrict fuel imports to state-run agencies, thus dealing yet another blow to private-sector energy companies. On June 11, the Mexico’s Tax Administration Service (SAT) published a change to its foreign trade rules forbidding private parties from

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American Chamber Calls AMLO’s Power Bill Giant Step Backwards

By THE PULSE NEWS MEXICO STAFF The American Chamber of Commerce in Mexico (Amcham) said Friday, Feb. 5, that President Andrés Manuel López Obrador’s (AMLO) proposed electricity reform bill “represents a giant step backwards for the sector’s ability to compete, the nation’s state of law and sustainable development for the country.” In a written statement, the business organization pointed out

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The Tempest over Mexico’s Proposed Electricity Bill

By RICARDO CASTILLO There is no doubt that the Mexican Supreme Court’s harsh blow against President Andrés Manuel López Obrador’s (AMLO) Energy Bill on Wednesday, Feb. 3, which shot down 22 articles of the controversial edict pushed through last year by Energy Secretary Rocío Nahle, wobbled the administration. The court voted against the bill because of what it considered radical

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Mexican Outsourcing Bill Still in the Making

By RICARDO CASTILLO The Mexican Senate draft of the new labor subcontracting or outsourcing bill project bill has undergone some major changes so far. It’s also been the subject of deep divisions among senators, some wanting to go the radical route and others obeying lobbying efforts from both foreign and national companies that have so far gotten their way in

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CFE to Renegotiate $80 Billion Pipeline Debt

By RICARDO CASTILLO     The tip of the iceberg appeared last April in the form of three outages in the Yucatan Peninsula, each affecting approximately 1.6 million electricity users. Back then, the Mexican state-owned company Federal Electricity Commission (CFE) blamed the blackouts on rural cane field fires and line failures. The rest of the iceberg emerged last month, and the truth

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