By THE PULSE NEWS MEXICO STAFF If Mexican President Andrés Manuel López Obrador’s (AMLO) controversial electricity reform — which would prioritize the use of state-run carbon-based fuels over private, clean-sourced energy — passes, the federal budget could lose up to 261 billion pesos in 2022, according to the Center for Economic and Budgetary Research (CIEP), Mexico’s top independent thinktank. In
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By ANTONIO GARZA, former U.S. ambassador to Mexico
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The Siphoning of Pemex
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By KELIN DILLON In an attempt to reduce its foreign debt, Mexico’s state-owned fuel company Petróleos Mexicanos (Pemex) received $3.5 billion in bond buybacks from the Mexican federal government, the country’s Secretariat of Finance (SHCP) reported on Tuesday, Dec. 7. This financial injection is equivalent to 74 billion pesos, about half the annual budget given to Mexico’s Secretariat of Public
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By THE PULSE NEWS MEXICO STAFF In an op-ed piece published in the Los Angeles Times on Saturday, Dec. 4, the Americas director of the New York-based nonprofit Human Rights Watch (HRW), José Miguel Vivanco, warned the United States to not be complacent about the mounting violations of basic human rights being compiled by Mexican President Andrés Manuel López Obrador
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By THE PULSE NEWS MEXICO STAFF Without bothering to offer a public tender, Mexico’s state-run and highly indebted oil giant Petróleos Mexicanos (Pemex) granted a contract of 37.341 billion pesos to two of its own subsidiaries for the lease of new oil tanker trucks in November. The contract constitutes the largest directly awarded so far during the current administration of
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By THE PULSE NEWS MEXICO STAFF In what has been deemed by critics as a serious blow to Mexican democracy and political transparency, President Andrés Manuel López Obrador (AMLO) issued a presidential decree late Monday, Nov, 22, declaring all his administration’s mega infrastructure projects as “matters of public interest and national security.” The decree, which was immediately met with opposition
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By EARL ANTHONY WAYNE, former U.S. ambassador to Mexico
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By THE PULSE NEWS MEXICO STAFF 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
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By ANTONIO GARZA, former U.S. Ambassador to Mexico
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