Tag Archives: expropriation

Head of Fonatur Says Tren Maya Profits Will Pay for Increased Pensions

By MARK LORENZANA Javier May, director of Mexico’s National Fund for the Promotion of Tourism (Fonatur), promised residents from the town of Pomuch in the southeast Mexican state of Campeche that the profits from the Tren Maya — one of President Andrés Manuel López Obrador’s (AMLO) controversial pet megaprojects — will be used to increase pension payments to senior citizens.

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AMLO’s Hydrocarbon Reform To Expropriate Private Sector

By KELIN DILLON Mexican President Andrés Manuel López Obrador (AMLO) introduced a reform to Mexico’s hydrocarbon law on March 26 that would force energy companies to comply with a minimum storage company and give the government power to revoke permits given to private companies, which would controversially expropriate all fuel-related matters from the private sector to the federal government. The

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